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Gotbit founder sentenced to 8 months in prison for manipulating crypto market, team banned from operating for 5 years
17 hours ago
Odaily News Gotbit founder and CEO Aleksei Andriunin was sentenced to eight months in prison by the U.S. District Court for Massachusetts on Friday for manipulating the crypto market and conducting millions of dollars of wash trading. He will be subject to one year of supervised release after serving his sentence. Prosecutors pointed out that Andriunin and the Gotbit team provided fake trading volume manufacturing services for multiple crypto projects from 2018 to 2024, forging on-chain activity through code and multi-account operations, helping projects to be listed on CoinMarketCap and attracting large exchanges to go online. Gotbit received tens of millions of dollars in compensation for this. In addition, Gotbit was also sentenced to five years of probation, during which time he was not allowed to continue to operate related businesses. Prosecutors said Andriunin was arrested in Portugal in October 2024, extradited to the United States in February 2025, and signed a plea agreement in March this year.
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Hyperliquid 50x insider whale shorted BTC again, with current floating profit reaching $4.66 million
Binance Alpha changes airdrop rules, will be distributed in two phases starting from June 19
Ethereum Foundation: Establishes $1.25 million legal aid fund to support Tornado Cash co-founder Roman Storm
Iran plans to attack US bases in the Middle East
BTC briefly fell below 105,000 USDT, with a 24-hour drop of 0.41%
Trump Media & Technology Group's $2.3 billion Bitcoin Reserve Registration Statement Validated by SEC