The Southern District of New York court has handed down a four-year prison sentence to Bulgarian national Irina Dilkinska for involvement in the web3 initiative OneCoin and its cryptocurrency of the same name.

Dilkinska must also forfeit  $111,440,000 and submit to one month of supervised release, according to a statement from the United States Department of Justice.

Dilkinska was the project's Head of Legal and Compliance but facilitated money laundering and other financial crimes. In one instance, Dilkinska transferred $110 million in illicit OneCoin proceeds to a Cayman Island entity. 

"Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct. Rather than upholding the law and embracing her position as the Head of Legal and …