US DOJ launches compensation process for OneCoin fraud victims

The U.S. Department of Justice (DOJ) has announced the launch of a compensation process for victims of the OneCoin cryptocurrency Ponzi scheme. According to The Daily Hodl, over $40 million in recovered assets are currently available for distribution. Victims are required to submit proof of their investment through an official portal by June 30. While the recovered amount is only about 1% of the total damages, this is the first tangible relief measure for the victims. OneCoin, which operated from 2014 to 2019, defrauded investors worldwide of more than $4 billion.