[Stanley]

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-colla...-imminent/

[xPlutus]

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.