US Department of Justice Launches Victim Reparation Process for AirBit Club, Seizing Over $400 Million in Assets

Odaily reported that the U.S. Department of Justice has announced the initiation of a compensation process for victims of the crypto mining scam AirBit Club, with no fees charged for the process.

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