Estonian couple detained for involvement in $575 million Ponzi scheme
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Crypto currency prices today : DOGE Up 5.39%, Ethereum (ETH) 4.04%, & Bitcoin above $16k
The market capitalization of cryptocurrencies increased by about 2.46 percent to $837.26 billion, and their trading volume increased by 3.7% to $63.23 billion.
BTC rose 1.5 per cent to $16,707.75.The market for BTC was extremely erratic, with its price constantly setting new highs and lows. BTC is currently trading at the highest price of the day.With a volume down 10.77% at $31,690,107,849, its lowest intraday trading price was $15,599.05.
Ethereum: In the 24 hours leading up to Thursday morning, the price of Ethereum increased by 4.04% to $1,200.72. ETH's trade was generally stable. If not for that, ETH was trading profitably the entire time.
Today, the price of Solana (SOL) increased by 14.96% to $14.76.
Estonian duo charged with $575 million cryptocurrency fraud
Two individuals have been detained by Estonian police on suspicion of orchestrating a $575 million (£485 million) cryptocurrency fraud that claimed thousands of victims.
Sergei Potapenko and Ivan Turogin, two Estonians, are wanted by the US for extradition after Estonian police and the FBI jointly investigated the case.
The two 37-year-olds are accused of convincing individuals to invest in HashFlare, a bitcoin mining service, and Polybius, a phoney online bank.
A US indictment has been issued.
According to a statement from the US Department of Justice (DoJ), the two are charged with conspiring to commit money laundering and wire fraud, each of which carry a maximum 20-year prison sentence.
According to the announcement, the defendants have appeared in court in Tallinn, the capital of Estonia, and are being detained pending extradition to the US.
Their representatives did not immediately respond with any comments.