US Wants 10 Years for HashFlare Duo in $577 Million Crypto Fraud
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HashFlare founders request no extra jail after 16 months in Estonian custody.
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US prosecutors call it a $577M fraud with $300M in victim losses.
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Defendants claim customers withdrew $2.3B and will be fully repaid.
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Sentencing set for August 14 and could affect cross-border crypto cases.
HashFlare co-founders Sergei Potapenko and Ivan Turõgin have asked a U.S. court to limit their punishment to the 16 months they spent in Estonian custody before being extradited. The pair pleaded guilty to conspiracy to commit wire fraud in May 2024 after arriving in the U.S.
Their sentencing hearing is scheduled for August 14 in a Seattle federal court. In a written submission, the defendants argued that their cooperation and time…
