Two Estonians plead guilty in $577M cryptocurrency Ponzi scheme

Two Estonian nationals may spend the next 20 years in prison for stealing hundreds of millions of dollars through a massive cryptocurrency Ponzi scheme, the US Department of Justice announced last week. The fraudulent operation “According to court documents, Sergei Potapenko and Ivan Turõgin, both 40, sold contracts to customers entitling them to a share of cryptocurrency mined by the defendants’ purported cryptocurrency mining service, HashFlare,” said the Justice Department. “Between 2015 and 2019, Hashflare’s … More

The post Two Estonians plead guilty in $577M cryptocurrency Ponzi scheme appeared first on Help Net Security.

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