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 national was extradited from Portugal to the U.S. earlier this year after his arrest in October 2024.
Prosecutors say Gotbit orchestrated a sophisticated scheme between 2018 and 2024 that involved “wash trading,” which involves the use of multiple accounts to create fake trades and inflate apparent market activity, on behalf of various token issuers, including Robo Inu and Saitama.
Forfeiture and corporate shutdown
As part of a plea agreement, Gotbit was sentenced to five years of probation and ordered to forfeit approximately $23 million i
We współpracy z: https://cryptoslate.com/crypto-market-maker-gotbit-and-founder-sentenced-for-fraud-manipulation/
