Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months
The U.S. Department of Justice is considering whether to appeal, as the sentence falls well short of the 10-year prison term sought by prosecutors.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
A major Japanese Bitcoin mining pool just pulled the plug on its Bitcoin service just as 3 mega-miners claimed 60% of the network
By the time SBI Crypto pulled the plug on its Bitcoin pool in Japan on July 31, its seven-day average hashrate had fallen 64% in a...
Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play
SOS Limited shareholders approved steps that could expand the crypto-linked company’s authorized share pool 100-fold, giving it fa...
Where are the Ethereum founders 11 years after the genesis block?
On July 30, 2015, the Genesis Block for the Ethereum protocol was mined. The chain has become the second most important blockchain...
US ETF industry sees record 390 launches in 2 months, and half of them use derivatives
The surge in derivative-based ETFs heightens market complexity, posing increased risks for retail investors and challenging regula...
Russian decree bans crypto mining across Moscow region through 2032
Regional energy officials had estimated that mining consumes 1 GW of power and could contribute to future electricity shortages.
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.