Estonian court nixes extradition of accused crypto scammers to US By Cointelegraph
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Ivan Turogin and Sergei Potapenko, co-founders of cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, according to a local press report.
According to the United States Justice Department, HashFlare, which operated from 2015 to 2019, was a Ponzi scheme with hundreds of thousands of victims paying in a total of $575 million. The company claimed to lease hashing power for crypto mining. It also encouraged investment in a fake bank. If convicted in the United States, Turogin and Potapenko each face up to 20 years in prison.
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Ivan Turogin and Sergei Potapenko, co-founders of cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, according to a local press report.
According to the United States Justice Department, HashFlare, which operated from 2015 to 2019, was a Ponzi scheme with hundreds of thousands of victims paying in a total of $575 million. The company claimed to lease hashing power for crypto mining. It also encouraged investment in a fake bank. If convicted in the United States, Turogin and Potapenko each face up to 20 years in prison.
Continue Reading on Cointelegraph
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