HuntTown

📰 Gotbit Founder Pleads Guilty to Market Manipulation Charges

Aleksei Andriunin, the founder of Gotbit, has pleaded guilty in a U.S. federal court to charges of market manipulation and wire fraud.

📍Gotbit's Key Illegal Activities
✔️ Wash Trading: Artificially inflating trading volume by simultaneously buying and selling the same asset.
✔️ Manipulating token trading volume to make it appear as a popular asset, misleading investors with false signals.
✔️ Using this strategy to increase the likelihood of large exchange listings, artificially boosting the project's value.

📰 Gotbit Founder Pleads Guilty to Market Manipulation Charges

Aleksei Andriunin, the founder of Gotbit, has pleaded guilty in a U.S. federal court to charges of market manipulation and wire fraud.

📍Gotbit's Key Illegal Activities
✔️ Wash Trading: Artificially inflating trading volume by simultaneously buying and selling the same asset.
✔️ Manipulating token trading volume to make it appear as a popular asset, misleading investors with false signals.
✔️ Using this strategy to increase the likelihood of large exchange listings, artificially boosting the project's value.

https://www.reuters.com/technology/cryptocurrency-firm-founder-pleads-guilty-us-market-manipulation-scheme-2025-03-21/

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