Two Estonians acknowledged that he was guilty of $ 577 million

Two Estonian citizens in the United States acknowledged that they were guilty of establishing an encrypted currency plan worth more than half a billion dollars, which resulted in the abbreviation of thousands of investors around the world. According to American officials, two accused fraud operations may run Hashflare, a fake mining service and collected fees collected from investors who provide them with a share of Bitcoin that he received for mining.

According to a press statement before US Department of Justice Sergei Boutbino and Ivan Turgin, both of them, sold contracts for their customers and assured them a share of the encrypted currency that was extracted by the alleged mining service, Hashflare.

From 2015 to 2019, Hashflare sales amounted to more than $ 577 million, but the encryption mining service lacks the ability of computing to provide the mining amount confirmed to its customers. The web -based dashboard that was supposed to show mining profits show false data, allowing the defendants to pump money to achieve personal gains.

Infected assets will be used in a remission to compensate for fraud victims. Each defender will face a maximum sentence of $ 400 million and 20 years in prison, with further sentences set on May 8 this year.

The US Department of Justice also recommended the Estonian Office for Electronic purchase and border guards, the Estonian Prosecutor, and the Ministry of Justice and digital affairs for their strong assistance in the process of investigation and delivery.

The investigation was led by the Seattle office in Seattle at the FBI, with lawyers from the money laundering and asset recovery department in the criminal department, as well as American lawyers assistant from the West province in Washington, and to prosecute the case.

Potapenko and TurõGin were delivered from Estonia to the United States last May, after their original arrest in November 2022, when the Estonian authorities handed it over to the application of American law at Tallinn Airport.

Also read: Six men kidnap the Chicago family, forcing them to transfer $ 15 million in encryption