US Department of Justice Launches Compensation Process for AirBit Club Victims, Has Seized Over $400 Million in Assets

Odaily Planet Daily News The U.S. Department of Justice has announced the initiation of a compensation process for victims of the AirBit Club crypto mining scam, 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 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 with money laundering and fraud by the Southern District of New York in August 2020, and the trial concluded in September 2023. The court ordered the forfeiture of all proceeds from the fraud, including over 16,000 Bitcoins. (bits.media)