PANews reported on January 21 that, according to Decrypt, authorities in Guernsey, a British Crown Dependency, have approved the forfeiture of $11.4 million (£9PANews reported on January 21 that, according to Decrypt, authorities in Guernsey, a British Crown Dependency, have approved the forfeiture of $11.4 million (£9
Guernsey authorities seized $11.4 million in assets linked to the OneCoin scam.
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PANews reported on January 21 that, according to Decrypt, authorities in Guernsey, a British Crown Dependency, have approved the forfeiture of $11.4 million (£9 million) in assets related to the OneCoin fraud case, at the request of authorities in Bielefeld, Germany, under its Proceeds of Crime Act. The funds were held in an account at RBS International Bank in Guernsey. This forfeiture represents only approximately 0.2% of OneCoin's total losses, highlighting the significant challenges in fully recovering assets in cryptocurrency fraud cases.
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