US prosecutors appeal HashFlare cryptocurrency Ponzi scheme case, seeking to increase 3-year sentence to 10 years

Foresight News: According to Decrypt, U.S. federal prosecutors have filed an appeal with the Ninth Circuit Court of Appeals, challenging the verdict in the HashFlare cryptocurrency Ponzi scheme case. Previously, Estonian defendants Sergei Potapenko and Ivan Turõgin pleaded guilty to involvement in a $577 million cryptocurrency mining Ponzi scheme, but the judge sentenced them to only three years of supervised release and fined each $25,000, rejecting the prosecution's request for a 10-year prison term. Legal experts stated that the likelihood of a successful appeal is low, as Judge Lasnik's decision was well-founded, taking into account factors such as time already served and immigration risks.