According to Foresight News, the U.S. Department of Justice announced that two Estonian nationals have pleaded guilty to their involvement in a $577 million cryptocurrency fraud scheme related to Hashflare. The defendants have agreed to forfeit assets valued at over $400 million, which will be used to compensate the victims. Between 2015 and 2019, Hashflare reported sales totaling over $577 million. However, the company lacked the mining capabilities it claimed and falsified data to mislead investors.