OneCoin Legal Case - FAQ
UK High Court Case CL-2024-000213 - Full Withdrawal of OneCoin Investor Claims Against the Islam Brothers (2025 Resolution)
Official Summary (as of December 29, 2025): In January 2025, all civil claims brought by over 400 OneCoin investors against Moyn Islam and Monir Islam (the “Islam Brothers”) in UK High Court Case CL-2024-000213 were fully and voluntarily withdrawn by mutual agreement.
This included dropping all allegations of fraud, dishonesty, and conspiracy, with no financial settlement or payments from the Islam Brothers. The claimants contributed to the defendants’ legal costs, an uncommon outcome signaling the strength of the defense evidence presented. Worldwide freezing orders were discharged, and the claimants agreed not to pursue any future allegations. This resolution, publicly announced on January 25, 2025, followed the submission of compelling evidence refuting the claims and represents a complete vindication for the Islam Brothers.
1. What was the nature of the UK High Court Case CL-2024-000213?
The case was a civil claim filed in July 2024 by a group of OneCoin investors seeking recovery for losses tied to the OneCoin scheme. It targeted the Islam Brothers alongside other figures, alleging promotion and involvement leading to fraud and dishonesty. Accompanying worldwide freezing orders were imposed on assets.
Public References:
1.)Enyo Law successfully advises Moyn Islam in resolving fraudulent cryptocurrency OneCoin investor claim
2.)Settlement for Peters & Peters’ client and withdrawal of group claims by OneCoin investors
2. What was the final outcome of the case?
All claims against the Islam Brothers, including allegations of fraud and dishonesty, were fully withdrawn by mutual agreement in January 2025, before any trial or merits hearing. No adverse court findings were made. The resolution was publicly confirmed on January 25, 2025, via an official investor statement and legal announcements.
3. Did the Islam Brothers make any payments or settle financially?
No. Zero payments or settlements were made by the Islam Brothers. This counters any speculation of “hidden deals” or admissions.
4. Who paid the legal costs?
The claimants (OneCoin investors) contributed to the Islam Brothers’ defense costs. This rare arrangement underscores the robustness of the evidence submitted by the defense.
Public Legal References:
1.) No payments whatsoever have been made by Mr Moyn and/or Mr Monir Islam to the Claimants in relation to the claim, although the Claimants have contributed to the legal costs that the Islam Brothers
2.)The claimants have contributed to the legal costs incurred in relation to defending the claim
5. What happened to the asset freezing orders?
All worldwide freezing orders were fully discharged and lifted, restoring unrestricted access to assets.
Public Media References:
1.) Islam Brothers Clear Names, Freeze Order Lifted
2.) Exonerated in OneCoin Case: Allegations Officially Withdrawn
6. Are there any ongoing allegations or future claims from these parties?
No. The agreement includes a binding commitment that the claimants will not pursue any further OneCoin-related allegations against the Islam Brothers. All parties agreed to move forward.
7. Why were the claims withdrawn? Does this indicate exoneration?
The withdrawal followed the Islam Brothers’ submission of compelling evidence countering the allegations, as noted in multiple public reports. While civil withdrawals do not always involve merits rulings, the terms, no payment, cost contribution by claimants, and full drop of serious allegations, effectively clear the Islam Brothers of wrongdoing in this action, amounting to vindication.
8. Were the Islam Brothers "top promoters" or leaders in OneCoin?
Evidence in the case showed they joined as small-scale investors in late 2015 (via referral), long after OneCoin’s global establishment in 2014. They held no operational, managerial, or leadership roles. Major events were led by others (e.g., Ruja Ignatova, Kari Wahlroos).
Public References:
1.)Reports noting small-scale investor status and net losses
2.)BE Club fact check
9. Did the Islam Brothers profit massively from OneCoin?
No. They incurred a net financial loss. Upon raising concerns in 2017, OneCoin froze their accounts, resulting in lost investments and no retained commissions.
10. Did the Islam Brothers "flee" the UK to Dubai?
No. They lived openly in the UK until August 2018 (17 months after exiting OneCoin in March 2017), with no pending issues. The move to Dubai was a planned business decision and they have returned to the UK annually since without restriction. Court evidence affirmed this.
11. What about their early exit from OneCoin?
In March 2017, before major exposures they publicly announced their exit via a London meeting and video after internal concerns about discrepancies (e.g., blockchain claims). This positioned them as early questioners, not perpetrators.
12. Who confirmed the withdrawal publicly?
- Official statement from the OneCoin investors (quoted widely).
- Jennifer McAdam (key claimant steering committee member and prominent OneCoin victim advocate) posted confirmations on social media.
- Enyo Law LLP and Peters & Peters Solicitors LLP issued resolutions.
Public Legal References:
1.) Settlement for Peters & Peters’ client and withdrawal of group claims by OneCoin investors
2.) Enyo Law successfully advises Moyn Islam in resolving fraudulent cryptocurrency OneCoin investor claim
Public Social Media Posts:
1.) OneCoin Investors Confirm UK Lawsuit Against Moyn and Monir Islam Has Been Withdrawn
2.) UK OneCoin Claim Withdrawn as Investors Drop All Allegations Against Islam Brothers
3.)UK OneCoin Lawsuit Withdrawn, Investors Confirm No Allegations Against Islam Brothers
Disclaimer: This FAQ provides factual clarification based on publicly available information, court-confirmed outcomes, and verified statements. It is not legal advice. For official records, refer to the UK High Court or involved parties’ releases. The resolution closes this matter amicably, allowing focus on positive future endeavors.