The U.S. Department of Justice has initiated a compensation program for victims of the cryptocurrency mining scam AirBit Club
By: www.chaincatcher.com|2026/05/19 20:45:03
0
Share
Prefer us on Google
According to Bits.media, the U.S. Department of Justice has announced the initiation of a compensation program for victims of the cryptocurrency mining scam AirBit Club. Founded in 2015, AirBit Club operated a financial pyramid scheme under the guise of cryptocurrency mining and virtual currency trading platforms. U.S. authorities have seized over $400 million in assets for compensation. Victims who previously provided information to the FBI or prosecutors will be contacted by RCB Fund Services. Prosecutors stated that there are no fees for the compensation process.
The founder of AirBit Club was charged with money laundering and fraud by the Southern District of New York in August 2020, and the trial concluded in September 2023, with the court ordering the forfeiture of all fraud proceeds, including over 16,000 bitcoins.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Russian Central Bank Registers 2,600 Suspicious Wallets
The co-founder of the cryptocurrency investment platform Forsage has been extradited from Thailand to the United States and pleaded not guilty to charges of conspiracy to commit telecommunications fraud
The U.S. Department of Justice stated that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to the charge of "conspiracy t...
The Digital Renminbi Operation Management Center announced three types of scams, including "order brushing and rebates."
The Digital Renminbi Operations Management Center officially announced three types of "scam" schemes: Scheme One is using "Digital Renminbi promotion" as a pretext to conduct pyramid scheme fraud. The Digital Renminbi has never engaged in activities such as "recruiting promoters," "promoter exams," ...
Supreme Court Report: Strictly punish crimes such as money laundering and capital flight using virtual currency as a medium, and work together to prevent illegal cross-border capital transfers
According to CCTV News, the second plenary session of the Fourth Session of the 14th National People's Congress was held today at the Great Hall of the People in Beijing, where Zhang Jun, President of the Supreme People's Court, delivered the work report of the Supreme People's Court.The report show...
The Central Bank of Russia warns: Russian pyramid schemes are massively turning to cryptocurrency
According to DL News, the Central Bank of Russia has warned that financial pyramid scheme organizers in the country have largely turned to using cryptocurrencies. In 2025, Russian citizens sent funds to cryptocurrency wallets held by fraudsters, involving over 4,600 wallet addresses.The central bank...
Cloud 9, the galaxy candidate with no stars
Cloud 9, located 14 million light-years away, could be the first galaxy without stars observed by humanity. Its gas reserves and dark matter halo contrast with the almost total absence of starlight, although researchers still need new observations to confirm the finding.
Walmart’s 1970 IPO Still Has a Lesson for SpaceX Buyers
Strategy’s 6,948 BTC sales were a narrative risk: Bitfinex
Wash's Latest Speech: The Era We Are In (Full Text Attached)
Vinteum Celebrates Four Years and Reflects on Achievements
Vinteum, an organization dedicated to the development of Bitcoin, celebrates four years and reflects on its achievements.
Apple TV+ Raises Price for the 4th Time: What's Behind It
Mounjaro Receives Cardiac Approval from the FDA: What It Means for Eli Lilly
GDP, Debt, Rates: Is France Heading Towards Recession?
Cedears: ETFs Replicating Soybeans and Corn to Be Added to the Market
The new proposal allows exposure to the international price of major grains from a local brokerage account. Additionally, it adds a means of diversification and coverage against movements in the financial dollar.
Spot Trading on Decentralized Exchanges Reaches 13.6%, Sparking Debate on DeFi Governance
The DeFi market has seen a simultaneous growth in institutional control structures and open trading infrastructure. While the market share of decentralized exchanges (DEX) in spot and perpetual futures trading has increased, the capture of revenue by protocols and permissioned access structures are ...
Intense Battle in the Sejm Over Presidential Veto. Czarzasty Strongly on Cryptocurrencies and 'Mafia Activities'
At the upcoming session of the Sejm, a vote will take place on President Karol Nawrocki's veto of the cryptocurrency market bill, announced Sejm Marshal Włodzimierz Czarzasty on Friday. He added that the Sejm will also vote on the veto regarding the bill on the status of a close person.
Walmart Reaches Settlement with U.S. Over Opioid Lawsuit
Walmart has reached a settlement with the U.S. government to resolve a lawsuit accusing its pharmacies of illegally dispensing opioids and other controlled substances. The agreement ends a federal battle that began in 2020, although the financial terms have not yet been disclosed.
Cyberattack at Lingor: Identity Documents, IBANs, and Addresses of Gold Buyers Exposed
Lingor, a French gold dealer, confirms a cyberattack with ransom. Identity documents, proof of residence, and IBANs exposed.
JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction
IBIT’s $44.46 close missed JPMorgan’s early-call trigger, while new Bitcoin structures add a 6% drag, SOFR financing, and worst-of ETF risk.
A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Alpha Modus is betting on a $225 million Bitcoin deal to repair its negative balance sheet and Nasdaq listing.
Coinbase: "Finance Was Built for People Who Sleep"
Beyond the rally: 4 Trends to watch this cycle
Aging is not linear: cells go through coordinated stages of deterioration
An analysis of over 20 million mouse cells suggests that aging progresses in stages and affects each cell population unevenly.
Export Tax on Oil Suspended by Court
The $37 Billion Tokenization Boom Has an Ownership Problem
Sanctum Becomes Leading Protocol on Solana, But Revenues Plummet by 39.7%
From $250,000 to $60 million! Durant's AI investment is more profitable than his NBA career
City Protocol Raises $11 Million: Will It Bring Hedging, Arbitrage, and Private Equity on-chain?
Bank of England Sets Legal Goal to Support Stablecoins and Promote Payment Innovation
Monetization of Debt: Treasury Conceals Deficits and Expropriates Savings with Stablecoins
Russian Central Bank Registers 2,600 Suspicious Wallets
The co-founder of the cryptocurrency investment platform Forsage has been extradited from Thailand to the United States and pleaded not guilty to charges of conspiracy to commit telecommunications fraud
The U.S. Department of Justice stated that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to the charge of "conspiracy t...
The Digital Renminbi Operation Management Center announced three types of scams, including "order brushing and rebates."
The Digital Renminbi Operations Management Center officially announced three types of "scam" schemes: Scheme One is using "Digital Renminbi promotion" as a pretext to conduct pyramid scheme fraud. The Digital Renminbi has never engaged in activities such as "recruiting promoters," "promoter exams," ...
Supreme Court Report: Strictly punish crimes such as money laundering and capital flight using virtual currency as a medium, and work together to prevent illegal cross-border capital transfers
According to CCTV News, the second plenary session of the Fourth Session of the 14th National People's Congress was held today at the Great Hall of the People in Beijing, where Zhang Jun, President of the Supreme People's Court, delivered the work report of the Supreme People's Court.The report show...
The Central Bank of Russia warns: Russian pyramid schemes are massively turning to cryptocurrency
According to DL News, the Central Bank of Russia has warned that financial pyramid scheme organizers in the country have largely turned to using cryptocurrencies. In 2025, Russian citizens sent funds to cryptocurrency wallets held by fraudsters, involving over 4,600 wallet addresses.The central bank...
Cloud 9, the galaxy candidate with no stars
Cloud 9, located 14 million light-years away, could be the first galaxy without stars observed by humanity. Its gas reserves and dark matter halo contrast with the almost total absence of starlight, although researchers still need new observations to confirm the finding.
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
