US Appeals Sentencing of HashFlare Founders in Major Crypto Ponzi Scheme

Prosecutors have challenged the sentences handed down to Sergei Potapenko and Ivan Turõgin, co-founders of defunct crypto mining service HashFlare, accused of orchestrating a $577 million Ponzi scheme. The pair were originally sentenced to time served after pleading guilty to conspiracy to commit wire fraud. Their appeal targets the decision by Judge Robert Lasnik, who set their sentences, including a $25,000 fine and 360 hours of community service, as well as requiring supervised release in Estonia.