In a major development for crypto fraud enforcement, the founders of HashFlare—a once-popular cloud mining service—have pleaded guilty to operating a massive Ponzi scheme that defrauded investors of over $577 million. Estonian nationals Sergei Potapenko and Ivan Turõgin were extradited to the United States earlier this year and have now admitted to wire fraud and […]
A federal judge has granted a 60-day pause in the Securities and Exchange Commission’s (SEC) ongoing lawsuit against Binance, following a joint request from both the regulator and the exchange. While the move may seem procedural, legal analysts believe it could mark a turning point in one of the most closely watched enforcement battles in […]
In a joint move that stunned many in the financial world, the Federal Deposit Insurance Corporation (FDIC) and the Commodity Futures Trading Commission (CFTC) have withdrawn prior advisories that discouraged U.S. banks and exchanges from participating in crypto markets. The rollback signals a fundamental policy shift aimed at encouraging institutional engagement and innovation. Until […]
HashFlare Founders Plead Guilty in $577M Crypto Mining Fraud
In a major development for crypto fraud enforcement, the founders of HashFlare—a once-popular cloud mining service—have pleaded guilty to operating a massive Ponzi scheme that defrauded investors of over $577 million. Estonian nationals Sergei Potapenko and Ivan Turõgin were extradited to the United States earlier this year and have now admitted to wire fraud and […]
Judge Pauses SEC Lawsuit Against Binance
A federal judge has granted a 60-day pause in the Securities and Exchange Commission’s (SEC) ongoing lawsuit against Binance, following a joint request from both the regulator and the exchange. While the move may seem procedural, legal analysts believe it could mark a turning point in one of the most closely watched enforcement battles in […]
FDIC and CFTC Reverse Crypto Restrictions
In a joint move that stunned many in the financial world, the Federal Deposit Insurance Corporation (FDIC) and the Commodity Futures Trading Commission (CFTC) have withdrawn prior advisories that discouraged U.S. banks and exchanges from participating in crypto markets. The rollback signals a fundamental policy shift aimed at encouraging institutional engagement and innovation. Until […]