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+--- Thread: Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent (/showthread.php?tid=6300476)
Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent - Stanley - Jun 15, 2025
Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent
Gotbit founder Aleksei Andriunin has received an eight-month U.S. sentence after pleading guilty to wire fraud and wash-trading market manipulation. The court has put the firm on five years’ probation, ordered it to close, and seized about $23 million in crypto.
The post Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent appeared first on Cryptonews.
https://cryptonews.com/news/gotbit-collapse-23m-wash-trading-scheme-nets-ceo-prison-sec-civil-suit-imminent/
RE: Gotbit Collapse: $23M Wash-Trading Scheme Nets CEO Prison, SEC Civil Suit Imminent - xPlutus - Jun 17, 2025
One of the best market makers back in the day for a lot of projects. Unfortunately they got greedy and did some shady stuff on the side.