<ul><li>Sergei Potapenko and Ivan Turõgin, founders of HashFlare, have pleaded guilty to operating a $577 million crypto Ponzi scheme.</li><li>They sold contracts promising customers a share of crypto allegedly mined by the company, but HashFlare did not possess the necessary computing power.</li><li>Potapenko and Turõgin have agreed to forfeit over $400 million in assets obtained through their fraudulent activities.</li><li>The US Department of Justice plans to compensate the victims by using the forfeited assets.</li></ul>

HashFlare Founders Plead Guilty To Running $577 Million Crypto Ponzi Scheme

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