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Just In: Gotbit Founder Extradited to US Over Crypto Market Manipulation Fraud

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Summary
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62% Informative

Aleksei Andriunin , the Gotbit Founder , appeared in a Boston court following his extradition from Portugal .

He faces charges of wire fraud and conspiracy to commit market manipulation and wire fraud.

Prosecutors allege he led a scheme that manipulated cryptocurrency markets and generated millions in fraudulent proceeds.

Gotbit allegedly engaged in wash trading’ which involves artificially inflating trading volume to make digital tokens appear more valuable.

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38

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22

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72

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formal

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English

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58

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short-lived

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