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HashFlare Co-Founders Seek Leniency Ahead of Sentencing in $577M Crypto Fraud Case

2025-08-07 14:24:34

HashFlare Co-Founders Seek Leniency Ahead of Sentencing in $577M Crypto Fraud Case

Main Idea

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Key Points

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Description

The co-founders of now-defunct crypto mining service HashFlare are asking a U.S. federal judge for leniency ahead of their sentencing for wire fraud, while prosecutors are pushing for a decade behind bars. Sergei Potapenko and Ivan Turõgin, who pleaded guilty earlier this year to conspiracy to commit wire fraud, argue that they have already served significant time in Estonian custody and have cooperated with U.S. authorities. In a sentencing memo filed Wednesday in Seattle federal court, prosecu...

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