HashFlare Ponzi Founders Get Time Served for $577M Crypto Scheme, Escape Additional Jail

Two Estonian men behind the $577M HashFlare Ponzi have been sentenced to time served after 16 months in custody, forfeiting over $450M in assets. Prosecutors, who sought 10-year terms, are considering an appeal over what they view as an unusually light penalty in one of crypto’s largest fraud cases.

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