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Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, have pleaded guilty to conspiracy to commit wire fraud in connection with a $577 million cryptocurrency Ponzi scheme involving HashFlare. The scheme, which operated from 2015 to 2019, falsely claimed to offer cloud mining services while lacking the actual capacity to mine cryptocurrency. The guilty pleas follow an extensive FBI investigation into the fraudulent activities. Meanwhile, in Las Vegas, businessman Brent Kovar has been indicted for allegedly running a separate $24 million cryptocurrency Ponzi scheme, deceiving over 400 investors by promising returns of 15% to 30% through an AI-powered mining operation. Kovar faces up to 330 years in prison if convicted. The FBI's
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,…
The FBI just saved 4,300 people from losing a staggering $285M in crypto scams! 🚨💰 Operation Level Up is on fire—identifying victims before they lose everything and shutting down fake investment platforms. These scams are next-level, showing fake profits to lure people in…
A Las Vegas business owner made his first appearance in court this week for what investigators are calling a cryptocurrency fraud scheme that bilked hundreds of people out of close to $24 million. https://t.co/R80P2SxasT
