"Estonian Duo Accused in $500M Fraud Scheme Targeting U.S. Investors"

Two Estonian men, Sergei Potapenko and Ivan Turõgin, have been charged with orchestrating a $575 million cryptocurrency mining fraud targeting U.S. investors. They allegedly used fake invoices and documents to lure investors into a Ponzi scheme, spending the money on luxury items and real estate. The DOJ and FBI are investigating, and the men were extradited to the U.S. in April 2024.