Two Estonian Nationals Admit to $577M Cryptocurrency Fraud

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Friday, February 28, 2025
Author: 
Austin Wahl
Volume: 
41
Issue: 
3
Abstract: 

On February 12, 2025, Estonian nationals Sergei Potapenko and Ivan Turõgin pled guilty to participating in a cryptocurrency Ponzi scheme that collected over $500 million from hundreds of thousands of people.