The U.S. Department of Justice announced a compensation process for victims of AirBit Club, a fraudulent virtual currency scheme. The scheme operated as a pyramid, promising guaranteed returns on cryptocurrency mining and trading memberships starting in 2015.
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Media Coverage · May 11, 2026
The U.S. Department of Justice has started a compensation process for victims of AirBit Club, a fake virtual currency mining and trading scheme. AirBit Club operated as a pyramid scheme, promising guaranteed daily returns through memberships, but no actual mining or trading occurred. Victims who lost money can now apply to recover some of their losses.
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U.S. Department of Justice Announces Compensation Process for Victims of AirBit Club Fraud Scheme
Media Coverage · May 11, 2026
Coverage
1 article
1 source tracked
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5 Government Agencys, 1 Presiding Judge, 1 Related Organization
7 linked entities
Judge
Announces Compensation Process
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The newest docket activity we have is a media coverage dated May 11, 2026.
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Last week the Department of Justice announced the launch of the remission compensation process to provide recovery to victims of AirBit Club, a purported virtual currency mining and trading company that was a pyramid scheme. Beginning in late 2015, promoters marketed AirBit Club as a multilevel marketing club. Promoters promised victims that AirBit Club memberships earned passive, guaranteed daily returns on virtual currency mining and trading, and hosted lavish expos and small community present
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The U.S. Department of Justice has started a compensation process for victims of AirBit Club, a fake virtual currency mining and trading scheme. AirBit Club operated as a pyramid scheme, promising guaranteed daily returns through memberships, but no actual mining or trading occurred. Victims who lost money can now apply to recover some of their losses.
Last week the Department of Justice announced the launch of the remission compensation process to provide recovery to victims of AirBit Club, a purported virtual currency mining and trading company …
Sources tracked
1 outlet · 1 article
Timeline events
1 record on file
Last updated
1 day, 8 hours ago
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