The U.S. Department of Justice says it has launched a remission compensation process for victims of the AirBit Club “mining and trading” scheme. DOJ alleges promoters marketed guaranteed daily virtual-currency returns with no real mining or trading happening.

U.S. federal prosecutors announced a compensation pathway for people harmed by the AirBit Club cryptocurrency fraud scheme. According to the DOJ, the operation was promoted as a passive “mining and trading” program that allegedly produced guaranteed daily returns in virtual currency. DOJ states that the marketing promises did not match reality, with promoters purportedly failing to carry out any genuine mining or trading activities. The DOJ said it has launched a victim compensation process using a remission mechanism, which is intended to allow eligible victims to seek recovery connected to the enforcement action. The announcement is positioned as a concrete next step for individuals who lost money when they were induced to believe the scheme generated steady, daily earnings. The DOJ’s release underscores a common fraud pattern in crypto investment scams: overly consistent payout claims and “automatic” wealth-building narratives used to draw in investors. By describing the scheme’s false promises and the absence of legitimate underlying activity, prosecutors signaled that victims may have grounds to pursue recovery through the newly opened process.