The U.S. Department of Justice: The operator of HashFlare pleads guilty to multiple charges

Wu learned that according to the US Department of Justice, the operators of the now-defunct cloud Mining service HashFlare, Estonian nationals Sergei Potapenko and Ivan Turõgin, pleaded guilty to multiple charges related to a $577 million Cryptocurrency Ponzi Scheme. Potapenko and Turõgin will be sentenced on May 8 and could face up to 20 years in prison. HashFlare suspended its Mining services in 2018 and eventually ceased operations.

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