HotNews No. 154: OneCoin Case Update: €28 Million Seized – Victims May Be Eligible for Restitution

In a significant development in the long-running OneCoin fraud saga, German prosecutors have formally indicted founder Ruja Ignatova, the self-styled “Cryptoqueen,” in the Bielefeld District Court in an effort to preserve criminal proceedings and extend the statute of limitations on her alleged offences. Ignatova has been on the run since 2017, and although law enforcement has yet to take her into custody, the indictment continues the legal pursuit of those responsible for one of the largest cryptocurrency investment scams in history.

As part of the German investigation into the OneCoin scheme — which deceived tens of thousands of investors across Europe and beyond — authorities in the state of North Rhine-Westphalia seized assets valued at approximately €28 million. These confiscated assets represent tangible progress in civil recovery efforts stemming from a fraud that, according to court findings, involved the misrepresentation of OneCoin as a legitimate blockchain-based cryptocurrency and the solicitation of funds from thousands of victims.

While Ignatova herself remains one of the most wanted individuals in global financial crime — sought by authorities including the FBI and European law enforcement — recent proceedings and asset seizures offer a rare opportunity for restitution. German legal actions have also implicated others connected to the fraud, including charges against individuals involved in money laundering and the movement of investor funds abroad.

If you were an investor in OneCoin and suffered financial losses, this development may affect your ability to pursue restitution or asset recovery claims. The confiscated assets could potentially be used to compensate defrauded victims. Our law firm is currently accepting inquiries and representation from individuals seeking to file restitution claims arising from the OneCoin fraud. Contact our office to discuss your situation and learn how we can assist in pursuing the recovery of your assets.

Your DefendMe Team