2 Arrests in $575 Million Cryptocurrency Case

According to a statement by the US Department of Justice, two Estonian citizens thought to be involved in a $575 million cryptocurrency scam have been arrested.

According to a statement by the Ministry of Justice Sergei Potapenko and Ivan Turgin Two 37-year-old men named He defrauded hundreds of thousands of people through a cryptocurrency mining service called HashFlare.

The Ministry, the people of the duo also Polybius Bank convinced him to deposit money in a “virtual currency bank” called However, in the middle such a bank and defendants’ customers did not return the promised payments is stated.

According to the statements of the Ministry, people prefer companies founded by these two names. Between 2015-2019 in total More than $575 million invested.

The two arrested in total with 18 different crimes being prosecuted and both maximum per person facing 20 years in prison.

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