News with the tag "HashFlare"

In a significant legal outcome, Sergei Potapenko and Ivan Turõgin, both 40 years old from Estonia, have pleaded guilty to running a large-scale Ponzi scheme involving crypto assets that defrauded “hundreds of thousands” of victims globally. The US Department of Justice (DOJ) announced that the defen...

The Attorney’s Office of the Western District of Washington revealed that two Estonian nations had pleaded guilty to a $577M crypto Ponzi scheme. The two had victimized hundreds of thousands of people worldwide, including the United States, through their multi-faceted scheme. Sergei Potapenko and Iv...

Two Estonian nationals have been extradited from Estonia to the U.S. to face charges for their roles in “a massive multi-faceted cryptocurrency Ponzi scheme,” according to an announcement by the U.S. Department of Justice (DOJ). Sergei Potapenko and Ivan Turõgin are accused of operating a $575 milli...

Estonia has given the green light for the extradition of Ivan Turogin and Sergei Potapenko, the individuals behind the $575 million cryptocurrency Ponzi scheme known as HashFlare, to the United States. This decision comes despite a prior block by the Tallinn court, which criticized the Estonian gove...

Co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States. The two founders face 18 count charges of fraud and money laundering in The post HashFlare Co-Founders Successfully Appeal Extradition to US on Fraud Charges appeared first o...

The Tallinn Circuit Court in Estonia has overturned previous rulings that approved the extradition of Ivan Turogin and Sergei Potapenko, co-founders of the cryptocurrency mining service Hashflare, to the United States. This decision, announced on November 29, challenges the U.S. authorities’ efforts...