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Bitcoin.com News|Feb 16, 2025 05:33
Crypto’s darkest scams keep unraveling… 🌍
Two Estonians just admitted to a 577M crypto Ponzi scheme! Sergei Potapenko & Ivan Turõgin ran Hashflare, selling mining contracts while lacking the power to mine anything.
From 2015 to 2019, they faked profits, took investor money, and splurged on luxury assets. Now? They’re set to forfeit 400M for victim compensation and face 20 years in prison.
The FBI & Estonian authorities cracked down hard, proving no one is untouchable in the crypto world. Sentencing is on May 8—this is massive.
Are we finally seeing real justice in crypto fraud, or is this just the tip of the iceberg? 🔥
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