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Wash trading

Gotbit Founder Extradited to US for Crypto Fraud and Manipulation

By Austin Mwendia2/27/2025

Highlights: Gotbit founder Aleksei Andriunin has been extradited to the US for fraud. Authorities say Gotbit used fake trading to trick investors and inflate cryptocurrency values. Andriunin could face up to 25 years in prison for fraud and an additional […]

Crypto News

DOJ Charges Gotbit CEO in Cryptocurrency Market Manipulation Scheme

Crypto News1 years ago

By Austin Mwendia11/1/2024

Highlights: DOJ charges Gotbit’s CEO with manipulating crypto trading volumes and deceiving investors with fake activity. Gotbit allegedly used wash trading tactics, boosting client assets’ popularity through artificial transactions. Andriunin and directors face up to 20 years in prison for […]