US DoJ convicts two Estonian nationals for operating a multi-faceted cryptocurrency Ponzi scheme, defrauding hundreds of thousands worldwide in a $577 million fraud

The dashboard displayed fake profit data while founders spent the proceeds on luxury properties, vehicles, and investments. They have agreed to forfeit over $400 million in assets which will be used to compensate victims through a remission process. Both pleaded guilty to conspiracy to commit wire fraud and face up to 20 years in prison, with sentencing scheduled for May 8. The investigation was supported by Estonian authorities…