Authorities in Guernsey, a British finance hub, have seized $11.4 million connected to the OneCoin crypto fraud. According to reports, a court in Guernsey upheld a German forfeiture order pertaining to the funds, which are believed to be proceeds from the fraudulent crypto scheme. The development highlights ongoing efforts to recover assets linked to the OneCoin scam, which defrauded investors globally. The legal action demonstrates international cooperation in pursuing and recovering illicit funds tied to cryptocurrency-related crimes.

Authorities in Guernsey, a British finance hub, have seized $11.4 million connected to the OneCoin crypto fraud. According to reports, a court in Guernsey upheld a German forfeiture order pertaining to the funds, which are believed to be proceeds from the fraudulent crypto scheme. The development highlights ongoing efforts to recover assets linked to the OneCoin scam, which defrauded investors globally. The legal action demonstrates international cooperation in pursuing and recovering illicit funds tied to cryptocurrency-related crimes.