US Dey Appeal Lenient Sentence for $577M HashFlare Crypto Fraud

US prosecutors don appeal go Ninth Circuit Court about wetin dem dey call soft sentence for the $577 million HashFlare crypto fraud case. Estonian men dem, Sergei Potapenko and Ivan Turõgin, run cloud mining Ponzi scheme from 2015 reach 2019, selling fake contracts to 440,000 investors. Dem gree say dem plan to commit wire fraud after dem arrest dem for Estonia for October 2022, den dem carry dem go US for May 2024. For August, Judge Robert Lasnik grant dem "time served"—16 months detention—plus three years supervised release and $25,000 fine for each defendant. Judge talk say e get wahala about international sentence transfer plus risk say dem fit keep dem locked forever if Estonia no accept transfer. Prosecutors first ask for 10-year jail sentence. The appeal dey challenge both how dem take judge and the punishment, e show say dem want heavy punishment for big crypto fraud cases. HashFlare case appeal go set law for blockchain cases wey go come and show say enforcement go tighter. Other recent sentencings include 8 years for EmpowerCoin fraud and 2.5 years for another mining Ponzi scheme. Traders suppose dey watch how dem dey do regulation because e fit make compliance tight and affect market trust.