Gotbit Got Got: Founder Sentenced to Prison for Crypto Wash Trading

CoinStats - Gotbit Ordered to Dissolve After DOJ Seizes $...

The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in crypto and exposing years of fake trading volume that misled investors and platforms. DOJ Forces Market Manipulator Gotbit to Shut Down The U.S. Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a cryptocurrency-focused financial firm based in Russia […]

Gotbit founder receives 8-month sentence

The founder of Gotbit, Aleksei Andriunin, has been sentenced to 8 months in a U.S. prison following his involvement in illegal wash trades. In recent years, the U.S. Department of Justice (DOJ) has intensified investigations into illegal activities across digital asset platforms. One such investigat...

Crypto Founder Sentenced to 8 Months in Prison on Wash Trading Charges – MAXBIT

Aleksei Andriunin, the founder of crypto market maker Gotbit, was sentenced by a federal court in Boston yesterday on charges of market manipulation and fraud. He will serve eight months in prison and five years of probation. Additionally, he forfeited $24 million in various cryptoassets as part of a plea deal. Although two indicted executives...

Gotbit Got Got: Founder Sentenced to Prison for Crypto Wash Trading

Gotbit forfeited $23 million in cryptocurrency after a guilty plea in the fraud case, with founder Aleksei Andriunin sentenced to prison.

Crypto Market Maker Gotbit And Founder Sentenced For Fraud, Manipulation - Data Intelligence

Gotbit Consulting LLC, a prominent cryptocurrency market maker, was sentenced in federal court for criminal charges related to a multi-year scheme to manipulate digital asset trading volumes, according to a June 13 press release. Aleksei Andriunin, the firm’s 26-year-old founder and CEO, was sentenced to eight months in prison and one year of supervised release for conspiracy to commit wire fraud and market manipulation. The Russian-Portuguese n…

Gotbit founder sentenced to 8 months for crypto wash trading scam

Aleksei Andriunin, founder and CEO of crypto market maker Gotbit, has been sentenced to eight months in prison for his role in a multi-million-dollar wash trading scheme that inflated trading volumes for various cryptocurrencies. The sentencing was handed down by…