OneCoin Fraud Recovery Dilemma: $11.4 Million Assets Confiscated, Accounting for Only 0.2% of Total Losses

OnChainDetective · 2026-01-21T14:18:15+00:00

The Guernsey authorities have frozen and confiscated $11 million in assets related to the OneCoin fraud case, but this accounts for only 0.2% of the total losses. The case highlights the significant challenges of cross-border asset recovery in cryptocurrency fraud incidents. Victims are still struggling to find solutions.

OnChainDetective

2026-01-21 14:18:15

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【BitPush】The Guernsey authorities recently approved a key confiscation action—frozen and seized $11.4 million in assets (approximately £9 million) related to the notorious OneCoin fraud case, following an application from the German Bielefeld authorities, under the Criminal Gains Law. The funds have been held in an account at RBS International Bank in Guernsey.

It sounds like a big victory, but the story behind the numbers is quite sobering. The $11.4 million only accounts for about 0.2% of the total losses caused by OneCoin. In other words, victims are far from being able to recover enough to make up for the damages.

This case highlights a stark reality: in cryptocurrency fraud cases, even with cross-border cooperation and legal measures, fully recovering assets remains extremely challenging. Factors such as fund flow, transfer paths, and offshore accounts intertwine, making asset recovery a prolonged battle. The OneCoin case is a prime example—once hailed as the “Bitcoin killer,” this project was exposed as a Ponzi scheme, yet victims continue to struggle to recover their hard-earned money.

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LightningSentry

· 8h ago

0.2%？This recovery rate is really amazing, almost like nothing was recovered haha Why can't this OneCoin case be resolved? Where's the money? 14.4 million sounds like a lot, but divided by 0.2% and it gets awkward It's already good if victims can recover a little, I feel for them Is cross-border recovery so difficult? How did the funds just disappear without a trace

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ChainDetective

· 20h ago

0.2%? Laughing out loud, is this called recovery? The victims probably want to vomit blood after seeing this.

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ImaginaryWhale

· 20h ago

0.2%? These guys will have to keep dragging it out in court.

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DevChive