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Friday, June 14, 2024
Volume:
40
Issue:
7
Abstract:
On November 20, 2022, Sergei Potapenko and Ivan Turõgin were arrested in Tallinn, Estonia on an indictment that alleged the two men induced hundreds of thousands of people to essentially buy stock in virtual currency that the defendants claimed to mine via their mining service, Hashflare, as well as invest in their virtual currency bank, Polybius.[1] The pair were recently extradited to the US to face trial in the Western District of Washington, and made their initial appearance on May 30.[2]