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HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme

Bitcoinist LogoBitcoinist1d ago

HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme - Bitcoinist

Quick Summary:

In a significant legal outcome, Sergei Potapenko and Ivan Turõgin, both 40 years old from Estonia, have pleaded guilty to running a large-scale Ponzi scheme involving crypto assets that defrauded "hundreds of thousands” of victims globally.

These individuals, of Russian nationality, allegedly facilitated transactions related to stolen credit card data and ransomware profits.

This case is part of a broader crackdown on financial crimes involving crypto assets.

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HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 10:00:05 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26315623

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

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The story "HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme" has 410 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme" was covered 1 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 12 news stories per day.

It's most recent story was published 8 hours ago.

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The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #26315623
  • URL: https://beamstart.com/news/hashflare-founders-plead-guilty-to-17401326594018

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