Gotbit Founder Aleksei Andriunin Pleads Guilty to Market Manipulation, Forfeits $23 Million in Stablecoins, Faces Two Years in Prison
Aleksei Andriunin, the founder of cryptocurrency market-making firm Gotbit, has reached a plea deal with U.S. prosecutors, agreeing to forfeit $23 million in stablecoins as part of a resolution to charges of market manipulation and wire fraud. Reports indicate that the plea deal will allow him to serve no more than two years in prison. The firm has also agreed to cease operations following an investigation by the FBI. Andriunin's lawyers submitted a letter to the court outlining provisions for either party to withdraw from the lawsuit, which highlights the ongoing legal complexities surrounding the case.
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Tech in Asia
Crypto market-making firm Gotbit CEO pleads guilty to fraud https://t.co/I2cB6v5dnS
FBI Boston Crypto firm "Gotbit" and founder Aleksei Andriunin have plead guilty to market manipulation & fraud conspiracy following an #FBI Boston investigation. The firm agreed to cease operations & forfeit approximately $23 million in seized crypto. Learn more: https://t.co/69rrZ3x7nz https://t.co/MUEbSPfNia
ANewsThe founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. https://t.co/LScxbRvKyz
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