Justice Department | Crypto

OneCoin was launched by Ruja Ignatova and Karl Sebastian Greenwood in Bulgaria. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison. The US Department of Justice has launched a compensation process for victims of the $4 billion crypto Ponzi scheme OneCoin, using forfeited assets taken from some of the scheme's architects. The Justice Department said on Monday that more than $40 million in forfeited assets is available to compensate anyone who purchased OneCoin between 2014 and 2019 and recorded a net loss. Jay Clayton, the US Attorney for Manhattan, said the compensation process was “an important step toward returning funds to those harmed.” Read more

Senator Elizabeth Warren pressed Attorney General Pam Bondi for details on whether Binance complies with its 2023 settlement agreement, as Bloomberg News reported on Sept. 18. Warren cited inadequate responses from federal prosecutors regarding the world’s largest cryptocurrency exchange in a letter co-authored by Democratic senators Mazie Hirono and Richard Blumenthal. The letter demanded confirmation […] The post Elizabeth Warren probes Justice Department over Binance 2023 settlement terms appeared first on CryptoSlate.