Circuit

Polybius

Read

<div class="cryptonews">
 <p class="is-style-lead">An Estonian <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> annulled the <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> of crypto entrepreneurs, who were accused of a $575 million crypto fraud, to the U.S.</p>
 <p>An Estonian <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> has annulled the <a rel="noopener noreferrer nofollow" title="extradition" href="https://thebittimes.com/tag/extradition.html">extradition</a> of two crypto entrepreneurs who were arrested in Nov. 2022 on an 18-count indictment for their alleged involvement in a $575 million crypto fraud and money laundering conspiracy.</p>
 <p>According to Estonian newspaper Postimees, the Tallinn Circuit Court satisfied appeals on Nov. 29, 2023 saying that the Estonian government had failed to investigate and consider important circumstances in making the decision to extradite HashFlare co<a rel="noopener noreferrer nofollow" title="-founders" href="https://thebittimes.com/tag/founders.html">-founders</a> Ivan Turogin and Sergei Potapenko.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Inactive 250k ETH wallet is probably linked to Estonian major bank
 </div>
 <p>Shortly after Turogin and Potapenko were arrested in Estonia, the U.S. Department of Justice (DoJ) issued a written request, seeking their extradition to the U.S. However, the Tallinn court ruled that the government’s orders must be annulled given there had been a “substantial breach of duty to investigate,” the report says.</p>
 <p>As per the DoJ, Turogin and Potapenko allegedly defrauded “hundreds of thousands of victims through a multi-faceted scheme.”</p>
 <blockquote class="wp-block-quote">
  <p>“The size and scope of the alleged scheme is truly astounding. These defendants capitalized on both the allure of cryptocurrency and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme.”</p>
  <p>Nick Brown, U.S. Attorney for the Western District of Washington</p>
 </blockquote>
 <p>In the indictment, the U.S. regulator wrote that the two tricked victims into buying fraudulent equipment rental contracts with a crypto mining service HashFlare and investing in a crypto bank called Polybius Bank. However, prosecutors claim the two businesses operated like Ponzi schemes. According to the DoJ, Potapenko and Turogin used shell companies to launder the fraud proceeds and to purchase real estate and luxury cars.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Crypto exchanges in Estonia and Lithuania allegedly helped Russians circumvent sanctions
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/estonian-court-annuls-extradition-of-hashflare-co-founders-to-the-u-s-tbt72143.html">https://thebittimes.com/estonian-court-annuls-extradition-of-hashflare-co-founders-to-the-u-s-tbt72143.html</a></p>

Estonian court annuls extradition of HashFlare co-founders to the U.S.

TheBitTimes

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Ripple’s XRP on the Verge of a Breakout: Analysts’ Price Predictions

Cathie Wood’s ARK Invest Dumps Coinbase Shares Again

KyberSwap Hacker Makes a Bold Demand : Ultimate Control Over the Company

Deepmind’s GNoME AI Tool Discovers Materials Beyond Imaginings

Bitget Wallet Announced TON Mainnet Integration

MoonPay Appoints Former Coinbase Executive Mike Lempres to Its Board Amid Increased Regulatory Sc...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!