HashFlare Founders Avoid Further Jail Time in $577M Ponzi Scheme Case
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Description
The founders of defunct crypto mining company HashFlare , Sergei Potapenko and Ivan Turõgin, have escaped further prison time after admitting their roles in what prosecutors described as a $577 million Ponzi scheme. The pair, who had already spent 16 months in custody, were sentenced on Tuesday by Seattle Federal Court Judge Robert Lasnik to time served, a $25,000 fine each, and 360 hours of community service. They will serve their supervised release in Estonia, their home country. The U.S. Depa...
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