Prosecutors have appealed the sentences given to HashFlare founders Sergei Potapenko and Ivan Turõgin, after arguing the pair should get 10 years in prison. US prosecutors have appealed the sentence of time served given to the co-founders of HashFlare, a crypto mining service and alleged $577 million Ponzi scheme.Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences that it handed down earlier this month to Sergei Potapenko and Ivan Turõgin to the Ninth Circuit.Potapenko and Turõgin were in custody for 16 months in their native Estonia after their arrest in October 2022 and were extradited to the US in May 2024, where they pleaded guilty to conspiracy to commit wire fraud.Read more Prosecutors have appealed the sentences given to HashFlare founders Sergei Potapenko and Ivan Turõgin, after arguing the pair should get 10 years in prison. US prosecutors have appealed the sentence of time served given to the co-founders of HashFlare, a crypto mining service and alleged $577 million Ponzi scheme.Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences that it handed down earlier this month to Sergei Potapenko and Ivan Turõgin to the Ninth Circuit.Potapenko and Turõgin were in custody for 16 months in their native Estonia after their arrest in October 2022 and were extradited to the US in May 2024, where they pleaded guilty to conspiracy to commit wire fraud.Read more
US will appeal time served sentences for HashFlare cofounders
Prosecutors have appealed the sentences given to HashFlare founders Sergei Potapenko and Ivan Turõgin, after arguing the pair should get 10 years in prison.
US prosecutors have appealed the sentence of time served given to the co-founders of HashFlare, a crypto mining service and alleged $577 million Ponzi scheme.
Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences that it handed down earlier this month to Sergei Potapenko and Ivan Turõgin to the Ninth Circuit.
Potapenko and Turõgin were in custody for 16 months in their native Estonia after their arrest in October 2022 and were extradited to the US in May 2024, where they pleaded guilty to conspiracy to commit wire fraud.
Read more
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