Federal prosecutors have moved to overturn what one legal expert called an “unusually lenient” outcome in one of the largest crypto frauds ever tried in the region.

The government on Tuesday appealed with the Ninth Circuit Court of Appeals the “time served” sentences handed down to Estonian nationals Sergei Potapenko and Ivan Turõgin, who pleaded guilty to conspiracy in a $577 million cryptocurrency mining Ponzi scheme.

The notice challenges both the sentencing hearing decisions and Judge Robert S. Lasnik’s written “Order on Sentencing” issued on Tuesday.

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Author: Vismaya V

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