The Estoni Citizens call for $ 577 million

The US Prosecutor’s Office for the Western Region in Washington received $ 400 million from the confiscation of assets as part of the guilt of guilt from two Estonian citizens who manage a Ponzi encryption scheme of $ 577 million.

Sergei Boutbino and Ivan Turgen, both of them, have admitted that they are guilty of conspiracy to commit wire fraud after selling fraudulent coding contracts through their company Hashflare.

However, the defendants lacking the power of computing needed to conduct the encryption mining they promised, and instead using fake data on their primary system of creating the illusion of success.

As part of their agreement, the defendants agreed to lose assets, including real estate, luxury vehicles and encryption calculations, according to statement Thursday.

“Between 2015 and 2019, the total sales of Hashefeller amounted to more than $ 577 million, but Hashvari did not have the required computing ability to perform the vast majority of mining,” said the US Prosecutor’s Office in the United States.

Potabenko and TurõGin now face up to 20 years in prison due to conspiracy to commit wire fraud, with the decision to issue the ruling on May 8.

The two also admitted the management of another fraudulent process, polybius, Initial currency display (ICO) for a digital bank project raising nearly $ 31 million in 2017.

The funds collected through the Boulevius were not invested in the bank, and no profits were ever paid to investors, adding to the fraudulent nature of their plans.

“Instead of using revenues to create a digital bank, use TurõGin and Potainko a large part of the revenue for their personal interest.” He said.

The US Public Prosecutor’s Office claims that the defendant has canceled the fraud through at least 75 properties, six luxury vehicles, the governor of encryption, and thousands of encryption mining.

The FBI in Seattle in Seattle played a major role in the investigation, as he worked with international law enforcement agencies to ensure the arrest of the defendants and hand them over from Estonia.

Both perpetrators were arrested on November 20, 2022, in Tallinn, Estonia, and they were later delivered to the United States to confront the charges.

The FBI also calls on additional individuals who believe they were victims of the Hashflare’s fragrances for progress. I have created dedicated Website Where potential victims can provide information.

Acknowledgment of guilt and confiscation is part of a wide effort by the American authorities to hold the encryption operators accountable for fraudulent activities.

The campaign follows the important measures taken earlier in 2024 when the US Prosecutor’s Office for the Western Region in Washington is A record $ 1.51 billion in fines.

The majority of Binance Curvement, which was savvy in a $ 4.3 billion settlement to violate American regulations.

Edit Sebastian Senkler