US Dey Find 10 Years Jail Time for HashFlare Founders for $577M Crypto Ponzi
US prosecutors don file one sentencing memo for Seattle federal court wey dem dey beg make dem give ten-year jail term to HashFlare co-founders Sergei Potapenko and Ivan Turogin after dem plead guilty for 2024 say dem conspire to do telecom fraud. Authorities talk say the $577 million cloud-mining service na classic crypto Ponzi scheme wey cheat about 440,000 customers of like $300 million. The founders talk say dem cooperate with investigators, dem serve 16 months detention for Estonia and dem talk say later crypto price rise make investors fit withdraw $2.3 billion, wey pass well well the $487 million wey dem start contract with. Dem set hearing for August 14 before Judge Robert Lasnik. The case show how US dey watch cross-border crypto mining platforms well well, and e fit affect how dem go dey do enforcement for future.
Neutral
Even though di case dey show US na dem dey intensify regulator action against cross-border crypto mining scams, e target dead service, no be active token. Short-term market sentiment fit see small pressure for mining platform stocks or related assets because dem dey watch well-well. But for long-term, e no go too affect major cryptocurrencies, as no particular token dey involved and enforcement result dem just mean say compliance expectations go clear well.