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$450M in Seized Crypto Assets on Track for Return to Defrauded Investors
16.8.2025
The Justice Department is unleashing over $450 million in seized crypto, real estate, and luxury assets to repay thousands of defrauded victims in a $577 million scheme. DOJ Plans Restitution for Thousands After $577M Cryptocurrency Fraud The U.S. Department of Justice (DOJ) announced on Aug....
Crypto billionaire bit off kidnapper’s finger during ambush: Report
3.7.2025
Crypto billionaire Tim Heath lost a tooth but took a finger in a 30-second struggle with kidnappers in Estonia last year, a court has heard
Spanish Police Arrest 5 in Suspected $540M Crypto Fraud Operation
30.6.2025
The investigation was supported by Europol, as well as police forces from Estonia, France and the U.S
Lawyer hopes Hashflare co-founders can 'self-deport' after sentencing
22.4.2025
A lawyer representing one of the co-founders of crypto mining service Hashflare has addressed how their criminal case may move forward after the pair received “self-deport” letters from the US Department of Homeland Security (DHS).In an April 11 filing in the US District Court for...
Lawyer hopes Hashflare co-founders can 'self-deport' after sentencing
22.4.2025
A lawyer representing one of the co-founders of crypto mining service Hashflare has addressed how their criminal case may move forward after the pair received “self-deport” letters from the US Department of Homeland Security (DHS).In an April 11 filing in the US District Court for...
Lawyer hopes Hashflare co-founders can 'self-deport' after sentencing
22.4.2025
A lawyer representing one of the co-founders of crypto mining service Hashflare has addressed how their criminal case may move forward after the pair received “self-deport” letters from the US Department of Homeland Security (DHS).In an April 11 filing in the US District Court for...
Hashflare Operators Plead Guilty in Massive Fraud Case
16.2.2025
Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, pleaded guilty to operating a $577 million cryptocurrency Ponzi scheme through their fraudulent mining service, Hashflare. The scheme, running from 2015 to 2019, deceived hundreds of thousands worldwide, including U.S. investors, by selling...
Estonia shows AI-powered decentralized networks could transform US policy
30.9.2024
Estonia is serving as an example of how smaller nations can use technology to punch above their weight and enhance their economic and political standing
Estonia shows AI-powered decentralized networks could transform US policy
30.9.2024
Estonia is serving as an example of how smaller nations can use technology to punch above their weight and enhance their economic and political standing
Estonia shows AI-powered decentralized networks could transform US policy
30.9.2024
Estonia is serving as an example of how smaller nations can use technology to punch above their weight and enhance their economic and political standing
Estonia Approves Bill to Regulate Crypto Service Providers
22.3.2024
Estonian government has passed a legislation that shifts crypto oversight to the Financial Supervision Authority (FSA) starting 2026.
The post Estonia Approves Bill to Regulate Crypto Service Providers appeared first on Cryptonews
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
27.1.2024
The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the men’s extradition set by the Tallinn Circuit Court....
Estonia Renews U.S. Extradition of Crypto Businessmen Accused of $575 Million Ponzi Scheme: Report
26.1.2024
The Estonian government has decided to renew the United States extradition of two alleged fraudsters accused of running a $575 million scheme, Estonian Public Broadcasting reports. “Justified in accordance with the rule of law” The extradition’s approval reverses an earlier decision made by...
Estonian court nixes extradition of accused crypto scammers to US
29.11.2023
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions
Founder of Estonia's LHV Bank Lost Access to $472M of Ether
8.11.2023
"It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October
LHV Bank Founder Has Lost Private Key to ETH Stash Worth $470 Million
7.11.2023
Rain Lõhmus , founder of Estonia-based LHV Bank, has lost the private key to his crypto stash consisting of 250,000 ETH, worth approximately $470 million. The stash was acquired during the Ethereum Initial Coin Offering (ICO), Conor Grogan, a director at cryptocurrency exchange Coinbase...
LHV Bank founder has $470M worth of Ether, but lost his private key
7.11.2023
Rain Lõhmus, the founder of LHV Bank told Estonian media last month he’s not made much effort to recover the funds, but is willing to pay someone who can
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report
6.10.2023
Estonia has been one of the early receivers of cryptocurrency licenses in the EU, but it did not save the Baltic nation from falling victim to ‘massive-scale’ crypto-related fraud and scams, an investigation report from international journalists revealed....
Read More: Estonian Crypto Firms Engage...
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
26.9.2023
A crypto exchange claiming $1.7 billion in daily trades, and reporting $1.4 billion on CMC, had been reportedly displaying false license data until it was checked by Estonian regulators