Hashflare, a so-called “cloud mining” service that allowed speculators to effectively rent processing power on the Bitcoin network, announced Friday that it had shut down its Bitcoin mining hardware ...

Federal prosecutors have moved to overturn what one legal expert called an “unusually lenient” outcome in one of the largest crypto frauds ever tried in the region. The government on Tuesday appealed ...

Cloud mining, or remote cryptocurrency mining, is a contentious topic. Using a remote server to mine currency for you seems perfect for people who don’t have the money or time to set up a home ...

HashFlare founders Sergei Potapenko and Ivan Turõgin avoided additional prison time after being given credit for time served in the $577M Ponzi scheme case. Seattle Federal Court Judge Robert Lasnik ...

Two Estonian nationals avoided additional prison time for orchestrating one of crypto’s largest Ponzi schemes (HashFlare) after receiving sentences matching the 16 months they already served in ...

Just four months ahead of their criminal sentencing for operating a $577 million cryptocurrency mining Ponzi scheme, the two Estonian founders of HashFlare were seemingly mistakenly ordered to ...

HashFlare founders admit to misleading customers about mining capacity. The crypto founders repaid the customers in full. U.S. District Judge Robert Lasnik of the Western District of Washington will ...

The co-founders of Hashflare, a crypto mining ponzi scheme that stole $577 million from hundreds of thousands of investors around the world, both pleaded guilty on Wednesday to conspiracy to commit ...