AirBit crypto Ponzi victims can now claim slice of $400M asset haul

The US Department of Justice has begun accepting applications from victims of the AirBit Club crypto Ponzi scheme for a slice of more than $400 million in forfeited assets tied to the fraud. The compensation fund currently lists about $150 million as available for payout. Launched in 2015, AirBit Club’s schtick was that it ostensibly offered investors guaranteed daily passive income through cryptocurrency mining and trading.