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Aleksei Andriunin, the founder of the cryptocurrency financial services firm Gotbit, has been indicted by the U.S. Department of Justice (DOJ) for alleged market manipulation and wire fraud. The DOJ indictment also charges two of Gotbit's directors, Fedor Kedrov and Qawi Jalili. Andriunin, aged 26, is accused of running a scheme to pump client tokens, potentially earning 'tens of millions' through fraudulent activities. If convicted, he could face up to 20 years in prison. This indictment follows an investigation by the FBI Boston office.
A scammer involved in the creation and sale of non-fungible tokens (NFTs) has been ordered to surrender $1.4 million in ill-gotten gains. The individual managed to avoid jail time despite their fraudulent activities. #scam #NFT #fraud
FBI-Created Token Hits Its Mark: Landmark Guilty Plea Shatters Crypto Fraud Ring https://t.co/xbu1N2z8ts
DCG and the Railgun Payday: When the Line Between Privacy and Profits Blurs Railgun - a go-to mixer for those looking to keep their crypto moves private - got a jolt in 2023, right as North Korea’s Lazarus Group laundered $60M of stolen funds through it. Digital Currency Group… https://t.co/A2HxCG4RbT