US DOJ initiates restitution process for AirBit Club victims, seizes over $400 million in assets

Odaily reported that the U.S. Department of Justice has announced the launch of a restitution process for victims of the crypto mining scam AirBit Club. No fees will be charged during the compensation process.

AirBit Club was established in 2015, operating a financial pyramid scheme under the guise of crypto mining and virtual currency trading platforms. Victims who previously provided information to the FBI or prosecutors will be contacted by RCB Fund Services. The founder of AirBit Club was charged by the U.S. Attorney's Office for the Southern District of New York in August 2020 with money laundering and fraud. The trial concluded in September 2023, and the court ordered the forfeiture of all fraud proceeds, including over 16,000 Bitcoin. (bits.media)