US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors
CoinDesk Cheyenne Ligon
Related Coverage
- Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme U.S. Department of Justice
- Two Estonian citizens arrested in $575M cryptocurrency fraud scheme Security Affairs · Pierluigi Paganini
- Two arrested in Estonia for $575 million crypto fraud The Block · Inbar Preiss
- Seeking Victims in the HashFlare Investigation Federal Bureau of Investigation
- Estonian Duo Arrested for Masterminding $575m Ponzi Scheme Infosecurity · Phil Muncaster
- These Two Fraudsters Duped Crypto Investors Out of $575,000,000 - This is What Happened Cryptonews · Fredrik Vold
- HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme Cointelegraph · Stephen Katte
- Two arrested in massive $575m cryptocurrency ‘Ponzi scheme’ The Register · Jessica Lyons Hardcastle
- DOJ Charges 2 in $575M Crypto Mining Scam PYMNTS.com
- Two Estonians arrested for running $575M crypto Ponzi scheme BleepingComputer · Sergiu Gatlan
- Six charged with fraud in $575 million cryptocurrency case WRAL TechWire
Discussion
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@certikalert
@certikalert
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#CertiKSkynetAlert 🚨 Two Estonian men have been arrested for their involvement in a $575m crypto fraud and money laundering scheme. The scheme had over 100k victims You can read more about it below 👇 https://www.justice.gov/...
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@amys_here
@amys_here
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“caused victims to invest in a virtual currency bank called Polybius Bank. Polybius was never actually a bank, and never paid out the promised dividends. Victims paid more than $575M to Potapenko and Turõgin's companies.” h/t @TeresaCCarter2 https://www.justice.gov/...
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@wendysiegelman
Wendy Siegelman
on x
Two Estonian Citizens Arrested in $575 Million Cryptocurrency Fraud and Money Laundering Scheme Sergei Potapenko and Ivan Turõgin allegedly defrauded hundreds of thousands in scheme using crypto mining service HashFlare and virtual currency Polybius Bank https://www.justice.gov/.…