Forsage: extradition update and a November 2026 trial date
Olena Oblamska's extradition and scheduled trial update the 2023 charging record; the allegations remain contested.
- Cited claims
- 3
- Source records
- 3
- Edition revision
- 2
In this investigation
Extradition and rescheduled trial
DOJ announced Olena Oblamska's extradition from Thailand in May 2026. She pleaded not guilty at her 11 May appearance. The current DOJ case page, checked on 23 October, lists trial for 10 November 2026 after an earlier July date was continued. A trial listing can change and is not a conviction. The charging account below describes the alleged scheme and the limits of its blockchain analysis.
What was charged
On 22 February 2023, DOJ announced an indictment against four Forsage founders concerning an alleged global Ponzi and pyramid scheme that raised approximately $340 million. The platform had been promoted as a decentralised matrix project using smart contracts and network marketing. An indictment is an allegation, not a determination of guilt.
The alleged role of the contracts
The announcement says the contracts were coded to send funds from newly purchased slots to other participants, including earlier investors. It identifies activity on Ethereum, Binance Smart Chain and Tron. The alleged problem was therefore not merely that an intermediary held funds; the prosecution said the distribution rules themselves systematised the scheme.
The outcome data in the source
DOJ reported blockchain analysis indicating that more than 80% of investors in the Ethereum programme received less Ether than they contributed and more than half received no payout. Those figures describe the population and method identified in the announcement. They should not be expanded into a claim about every blockchain, every participant or a newly conducted audit.
Sources, dates and limits
Checked 23 October 2026. The 2023 allegations, 2026 extradition and future trial listing are distinct procedural events. The cited loss percentages concern the analysed Ethereum contracts; they are not automatically applicable to every network or participant.
Evidence & sources
- Filed allegation
DOJ's February 2023 indictment announcement alleged that Forsage smart contracts automatically routed later investors' money to earlier participants.
Supporting excerpt: Forsage Founders Indicted in $340M DeFi Crypto Scheme
the smart contract automatically diverted the investor’s funds to other Forsage investors
Forsage Founders Indicted in $340M DeFi Crypto Scheme ↗ - Filed allegation
DOJ announced Olena Oblamska's extradition from Thailand in May 2026. She pleaded not guilty at her 11 May appearance. The current DOJ case page, checked on 23 October, lists trial for 10 November 2026 after an earlier July date was continued. A trial listing can change and is not a conviction. The charging account below describes the alleged scheme and the limits of its blockchain analysis.
Supporting excerpt: District of Oregon | Ukrainian National Extradited from Thailand to Face Conspiracy Charges | United States Department of Justice
not guilty
District of Oregon | Ukrainian National Extradited from Thailand to Face Conspiracy Charges | United States Department of Justice ↗ - Source reported
The DOJ Forsage case page lists trial for 10 November 2026 after a continuance.
Supporting excerpt: Criminal Division | United States v. Vladimir Okhotnikov et al | United States Department of Justice
November 10, 2026
Criminal Division | United States v. Vladimir Okhotnikov et al | United States Department of Justice ↗
