Two years ago, Estonian banker Rain Låhmus told Estonian Public Radio that he had lost access to a large amount of Ethereum he had bought during a pre-sale in 2014. "It's no secret that I have a wallet with 250,000 Ethereum; anyone can calculate its value for themselves," Låhmus said at the time. As Ethereum briefly topped $4,700 on Wednesday and surged back to its 2021 highs, the lost position in Læhmus is currently worth around $1.20 billion. That's almost 20...

According to @DecryptMedia, the Estonian founder of the HashFlare bitcoin mining scam has been sentenced to 16 months in prison, and the Department of Justice is considering whether to appeal, as the sentence is much lower than the 10-year jail term sought by prosecutors.