Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
Category: Estonia
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LHV Bank founder has $470M worth of Ether, but lost his private key
Rain Lõhmus, the founder of LHV Bank told Estonian media last month he’s not made much effort to recover the funds, but is willing to pay someone who can.
Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
A crypto exchange claiming $1.7 billion in daily trades and reporting $1.4 billion of daily trading volume on CoinMarketCap had reportedly displayed false license data until Estonian regulators checked it.
CoinsPaid claims North Korean hacking group used fake job interview to steal $37M
Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023, but switched their approach to targeting individuals through fake high-salary job offers.
Crypto payment gateway CoinsPaid suspects Lazarus Group in $37M hack
CoinsPaid said it is now working with Estonian law enforcement and several blockchain security firms are assisting to minimize the impact of the July 22 exploit.
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Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
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Estonia squeezes out 400 crypto firms after new laws
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
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Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity
Bit4You suspended operations on April 26 amid CoinLoan insolvency investigation by Estonian regulators.
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Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion
A bitter dispute between Paxful’s co-founders in Delaware courts may have led to the crypto marketplace’s sudden closure.
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Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
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