HashFlare-linked wallet moves $18.5M for first time in 3.5 years as prosecutors seek 10-year terms

A wallet tied to Sergei Potapenko and Ivan Turõgin’s HashFlare fraud became active for the first time in more than three years. The activity comes as federal prosecutors appeal what they call a “lenient” sentence and press for 10-year prison terms for the two Estonian nationals. The case centers on a $577 million crypto-mining Ponzi scheme that prosecutors say defrauded 440,000 investors.