Estonian Duo Faces 20-Year Sentence for Crypto Ponzi Scheme
- U.S. authorities seized over $400 million in assets from two Estonian citizens.
- The fraudulent scheme, operated through HashFlare, caused $577 million in damages.
- Sergei Potapenko and Ivan Turygin confessed to their crimes.
- Their sentencing is scheduled for May 8, 2025.
- An additional $31 million was fraudulently obtained through an ICO for Polybius tokens.
Sergei Potapenko and Ivan Turygin face up to 20 years in prison after admitting to a crypto Ponzi scheme that defrauded investors of $577 million, with U.S. authorities seizing over $400 million in assets.
Source (2.6)https://hodl.press/hashflare-crypto-pyramid-organizers-face-20-year-sentence/?rand=24434
