Misha
@mbie
670 Following
769 Followers
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US CHARGED GOTBIT, ZM QUANT, CLS GLOBAL AND MYTRADE FOR CRYPTO MARKET MANIPULATION
Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and MyTrade and their leaders and employees in a takedown that also involved arrests overseas.
Five people have already agreed to plead guilty or have done so.
This is the first criminal prosecution of financial services firms for market manipulation and sham trading in the crypto sector.
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Aleksei Andriunin, Fedor Kedrov, Qawi Jalili, Gotbit Consulting LLC (Gotbit). Aleksei Andriunin, 26, of Russia and Portugal, was Gotbit’s Chief Executive Officer and Founder. Andriunin was arrested on Oct. 8, 2024 in Portugal and awaits extradition.
“Control purchase”
The FBI created their own coin called "The NexFundAI Token" and enlisted the services of the firms indicted to catch them
The NexFundAI Token was a cryptocurrency token created at the direction of law enforcement. NexFundAI operated on the Ethereum blockchain and was a security. 0 reply
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