OneCoin victims eligible for $40 million in seized assets

The U.S. Department of Justice has initiated a compensation process for victims of the notorious OneCoin crypto Ponzi scheme, offering access to $40 million in seized assets. This initiative follows the sentencing of key figures involved in the fraudulent operation, which defrauded approximately 3.4 million investors worldwide of over $4 billion. The DOJ continues efforts to recover further criminal proceeds to aid defrauded investors. This development comes shortly after the FTX Recovery Trust announced significant payouts to its creditors, highlighting ongoing efforts to recover funds in the wake of major crypto collapses.