Summary
- Gotbit founder Alex Andryunin has reportedly been sentenced to 8 months in prison in the United States for wire fraud and market manipulation charges.
- U.S. prosecutors said that Gotbit manipulated the trading volume of various crypto projects from 2018 to 2024.
- Since allegations of money laundering involving millions of dollars were also admitted, investors are advised to pay attention to the credibility of related projects.
According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), Alex Andryunin, the founder of the crypto market maker Gotbit, who was indicted in the United States for wire fraud and conspiracy to commit market manipulation, admitted to money laundering involving millions of dollars and was sentenced to 8 months in prison.
U.S. prosecutors previously stated that Gotbit manipulated the trading volume of multiple crypto projects from 2018 to 2024, enabling their tokens to get listed on major crypto exchanges.
JH Kim
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