AirBit Club Victim Fund remission (Justice Department) settlement
United States v. Gutemberg dos Santos, et al. (AirBit Club remission; not a class action)
Also known as AirBit Victim Fund; AVF; AirBit remission; Department of Justice; 20-cr-398
The Justice Department said AirBit Club was a fake crypto-mining scheme that took investors' money.
Copied from the official notice. Last compared Nov 7, 2026.
- You could get
- Share of your net loss
Source
“each victim will receive an equal percentage share of their losses”
From the administrator site: Official FAQ page. Last compared Nov 7, 2026.
- You need
- Papers needed A list of every AirBit Club purchase and withdrawal from September 2015 to August 2020, and your balance as of August 2020 Takes work: describes the claim form only
Source
“The type of virtual currency used for the transaction (BTC, ETH, etc.); ... The amount of virtual currency used for the transaction; ... The wallet address used to perform the transaction; ... The transaction ID for each of the relevant transactions; ... However, these screenshots or emails, on their own, will not be sufficient to document the amount of your cash-in, cash-out losses.”
From the administrator site: Official FAQ page. Last compared Nov 7, 2026.
- Who can file
- Lost money in the AirBit Club crypto scheme, 2015 to 2020
Source
“Eligibility is based on a victim having purchased an AirBit Club membership using their own cash or virtual currency. ... Generally, the AirBit Club fraud scheme began in September, 2015 and continued through August, 2020. To be eligible for consideration by AVF, you must have made your purchases during this time period. ... No. The AirBit Club fraud was committed against investors around the world, and AVF will provide compensation irrespective of the victim’s nationality. ... Any person who knowingly participated in, benefitted from, or acted in a willfully blind manner relating to the AirBit Club scheme; ... Any person who was an officer, director, employee or member of the Master Council of AirBit Club at any time during the scheme; ... Any person who was/is a defendant in any state or federal criminal action relating to the AirBit Club;”
From the administrator site: Official FAQ page. Last compared Nov 7, 2026.
- Where
- Anywhere in the U.S.
Source
“To qualify for a recovery, a person must (i) have purchased an AirBit Club membership interest with his or her own money during the period from September, 2015 to August, 2020; and (ii) not have withdrawn those funds prior to collapse of the fraud.”
From the administrator site: Official Petition Form (PDF on official site). Last compared Nov 7, 2026.
- Time to file
- About 30 minutes
Source
Our estimate of how long the official claim form takes. The notice does not say.
From the official site: airbitvictimfund.com. Last compared Nov 7, 2026.
Free. The official site never charges.
Quick answers
How much is the AirBit Club Victim Fund remission (Justice Department) settlement payout?
Share of your net loss.
Where is the AirBit Club Victim Fund remission (Justice Department) settlement claim form?
On the official site, www.airbitvictimfund.com. Filing is free. The last day to file is Dec 11, 2026.
When will the AirBit Club Victim Fund remission (Justice Department) settlement pay?
Payment can only happen after the court gives final approval and any appeals are over.
For context: First payments were issued 52 to 875 days after final approval, based on 15 settlements. Half were paid within 119 days. 1 of the 15 waited on appeals after approval.
Is the AirBit Club Victim Fund remission (Justice Department) settlement legit?
The settlement administrator (the company that handles claims) is RCB Fund Services, and the official site is www.airbitvictimfund.com. Real notices point there; if a link in a message goes anywhere else, do not use it.
The official site never asks you to pay to file.
Compare yourself to the official class definition
You may be included if you bought AirBit Club memberships with your own cash or crypto, September 2015 to August 2020.
It covers net losses: you must still have had money in it when it collapsed. You need not be a U.S. citizen or live in the U.S.
You are not included if you knowingly took part in or benefited from the fraud, ran or worked for AirBit Club, or were charged over it.
Check each condition yourself. The boxes are only for you; nothing is sent or stored.
To qualify for a recovery, a person must (i) have purchased an AirBit Club membership interest with his or her own money during the period from September, 2015 to August, 2020; and (ii) not have withdrawn those funds prior to collapse of the fraud.
From the administrator site: Official Petition Form (PDF on official site)
This checklist is for guidance only and can be wrong. Only the court's definition decides. Read the official wording before you file.
How to file
-
Gather what you need
You will need supporting documents.
- A list of every AirBit Club purchase and withdrawal from September 2015 to August 2020, and your balance as of August 2020
- Copies of bank statements, wire records, canceled checks or other records of money in and out; screenshots alone are not enough
- For crypto purchases (online only): coin type, amount, wallet address and transaction ID of each transaction
- Your Social Security Number or other tax ID, and any other recoveries you got for this loss
-
File online, or by mail
At www.airbitvictimfund.com, by Dec 11, 2026. Filing is free.
Or mail a paper claim form to:AirBit Victim Fund, P.O. Box 6090, Syracuse, NY 13217-6090
The deadline note says: “Online before midnight on December 11, 2026, or by mail postmarked no later than December 11, 2026 (no time zone is stated).” -
Save your confirmation
Keep your confirmation number or email. You do not need to file again.
Confirm with the administrator before you act.
After you file
Payment can only happen after the court gives final approval and any appeals are over.
For context: First payments were issued 52 to 875 days after final approval, based on 15 settlements. Half were paid within 119 days. 1 of the 15 waited on appeals after approval.
Also ending this week
Related settlements
Case details
- Case
- United States v. Gutemberg dos Santos, et al. (AirBit Club remission; not a class action)
- Court
- United States District Court for the Southern District of New York
- Case number
- 1:20-cr-00398-GBD (S.D.N.Y.)
- Administrator
- RCB Fund Services
- Official site
- www.airbitvictimfund.com
- Settlement fund
- Over $400 million forfeited, per the Justice Department (the fund's home page says about $150 million and its FAQ about $450 million)
- Full payout terms
- Pro rata share of your net AirBit Club lossYour net loss: all cash and virtual currency you put into AirBit Club (crypto valued on the date you invested) minus all you took out, reduced by any other recoveries such as class action or insurance payments. If the forfeited money cannot pay all granted petitions in full, each victim gets an equal percentage share of their losses. Paid in fiat currency only: by check for U.S. victims; by check, wire or electronic payment outside the U.S. No lost profits, interest or loan costs.
- Effort
- Hard, about 30 minutes
The court’s exact words
To qualify for a recovery, a person must (i) have purchased an AirBit Club membership interest with his or her own money during the period from September, 2015 to August, 2020; and (ii) not have withdrawn those funds prior to collapse of the fraud.
Quoted from the official notice. Read the notice for the full definition.
Our notes: This is not a class action: it is a U.S. Department of Justice remission program (28 C.F.R. Part 9) that pays victims of the AirBit Club crypto-mining pyramid scheme from assets forfeited in the criminal case in the Southern District of New York. The AirBit Victim Fund (AVF) is run for the Department by RCB Fund Services, LLC; the Department makes all final decisions. You may file a Petition for Remission if you bought an AirBit Club membership (or made another investment in it) with your own cash or virtual currency between September 2015 and August 2020 and still had money in it when it collapsed. Losses are figured cash-in minus cash-out; if you withdrew more than you put in, you have no eligible loss. Memberships bought with reinvested 'profits', rewards or recruiting points do not count; monthly fees paid with new money do. You do not need to be a U.S. citizen or live in the United States. Disqualified: anyone who knowingly took part in, benefited from or was willfully blind to the fraud; officers, directors, employees and Master Council members of AirBit Club; people who forfeited assets in the case or were charged over AirBit Club; relatives and affiliates of disqualified people; people barred from U.S. payments (OFAC); and RCB staff. Promoters who were paid for recruiting will most likely be disqualified. Losses in related schemes such as Vizinova are not likely to count, and TRAXALT coin purchases are undecided. Estates may file through a court-appointed executor or administrator.
Sources and checks (7)
Every fact people act on was copied from the official source and compared with it. How we check
- Official AirBit Victim Fund home page administrator site
- Official FAQ page administrator site
- Official Petition Form (PDF on official site) administrator site
- Official online petition portal (start page) administrator site
- Official Contact page administrator site
- U.S. Department of Justice press release, May 11, 2026 other
- Superseding Information, ECF 184 (court filing on official site) court record
What changedLast change Oct 29, 2026
- Page created. Claims open until December 11, 2026. source document
Questions
I already filed. What now?
Keep your confirmation number or email. You do not need to file again. Payment can only happen after the court gives final approval; once it does, the payment status page shows what is known.