Sergei Potapenko and Ivan Turõgin, co-founders of HashFlare, received time served—16 months in custody—for running a $577 million crypto Ponzi scheme from 2015 to 2019. U.S. District Judge Robert Lasnik also imposed $25,000 fines, 360 hours of community service, and forfeiture of over $450 million in assets for victim restitution. The scheme lured investors with fake cloud-mining contracts and misused funds for luxury assets. The U.S. Department of Justice had sought 10-year sentences and is considering an appeal, citing the fraud’s scale and harm caused. Authorities stressed the importance of vigilance in crypto investments to avoid similar large-scale scams.
LIVE
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,918.00
▲ +0.90%
ETH
$1,912.88
▲ +0.40%
USDT
$0.999392
▲ +0.00%
BNB
$590.80
▼ -0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.03
▼ -1.70%
SOL
$73.70
▲ +0.70%
TRX
$0.328045
▲ +0.10%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$55.82
▲ +1.20%
DOGE
$0.069678
▲ +1.40%
USDS
$0.999986
▲ +0.00%
RAIN
$0.012733
▲ +1.40%
LEO
$9.76
▼ -0.10%
ZEC
$508.65
▲ +3.20%
ADA
$0.197187
▲ +1.50%
XMR
$369.12
▲ +1.50%
WBT
$56.16
▲ +0.60%
LINK
$8.23
▲ +1.10%
XLM
$0.159943
▲ +0.10%
DAI
$0.999974
▲ +0.00%
BCH
$214.91
▲ +1.20%
USD1
$0.999764
▲ +0.00%
USDE
$0.999768
▲ +0.00%
CC
$0.096186
▼ -5.20%
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,918.00
▲ +0.90%
ETH
$1,912.88
▲ +0.40%
USDT
$0.999392
▲ +0.00%
BNB
$590.80
▼ -0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.03
▼ -1.70%
SOL
$73.70
▲ +0.70%
TRX
$0.328045
▲ +0.10%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$55.82
▲ +1.20%
DOGE
$0.069678
▲ +1.40%
USDS
$0.999986
▲ +0.00%
RAIN
$0.012733
▲ +1.40%
LEO
$9.76
▼ -0.10%
ZEC
$508.65
▲ +3.20%
ADA
$0.197187
▲ +1.50%
XMR
$369.12
▲ +1.50%
WBT
$56.16
▲ +0.60%
LINK
$8.23
▲ +1.10%
XLM
$0.159943
▲ +0.10%
DAI
$0.999974
▲ +0.00%
BCH
$214.91
▲ +1.20%
USD1
$0.999764
▲ +0.00%
USDE
$0.999768
▲ +0.00%
CC
$0.096186
▼ -5.20%
BTC
$64,918.00
▲ +0.90%
ETH
$1,912.88
▲ +0.40%
USDT
$0.999392
▲ +0.00%
BNB
$590.80
▼ -0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.03
▼ -1.70%
SOL
$73.70
▲ +0.70%
TRX
$0.328045
▲ +0.10%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$55.82
▲ +1.20%
DOGE
$0.069678
▲ +1.40%
USDS
$0.999986
▲ +0.00%
RAIN
$0.012733
▲ +1.40%
LEO
$9.76
▼ -0.10%
ZEC
$508.65
▲ +3.20%
ADA
$0.197187
▲ +1.50%
XMR
$369.12
▲ +1.50%
WBT
$56.16
▲ +0.60%
LINK
$8.23
▲ +1.10%
XLM
$0.159943
▲ +0.10%
DAI
$0.999974
▲ +0.00%
BCH
$214.91
▲ +1.20%
USD1
$0.999764
▲ +0.00%
USDE
$0.999768
▲ +0.00%
CC
$0.096186
▼ -5.20%
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,918.00
▲ +0.90%
ETH
$1,912.88
▲ +0.40%
USDT
$0.999392
▲ +0.00%
BNB
$590.80
▼ -0.30%
USDC
$0.999697
▲ +0.00%
XRP
$1.03
▼ -1.70%
SOL
$73.70
▲ +0.70%
TRX
$0.328045
▲ +0.10%
FIGR_HELOC
$1.03
▲ +1.40%
HYPE
$55.82
▲ +1.20%
DOGE
$0.069678
▲ +1.40%
USDS
$0.999986
▲ +0.00%
RAIN
$0.012733
▲ +1.40%
LEO
$9.76
▼ -0.10%
ZEC
$508.65
▲ +3.20%
ADA
$0.197187
▲ +1.50%
XMR
$369.12
▲ +1.50%
WBT
$56.16
▲ +0.60%
LINK
$8.23
▲ +1.10%
XLM
$0.159943
▲ +0.10%
DAI
$0.999974
▲ +0.00%
BCH
$214.91
▲ +1.20%
USD1
$0.999764
▲ +0.00%
USDE
$0.999768
▲ +0.00%
CC
$0.096186
▼ -5.20%
