Gotbit Founder Extradited to the US for Crypto Fraud
The United States has extraditioned Aleksei Andriunin, 26-year-old CEO and founder of cryptocurrency company Gotbit, to a cryptocurrency company from Portugal.
Russian national Andriunin is now facing serious charges, including telegraph fraud, market manipulation and conspiracy. A federal grand jury in Boston sued him.
U.S. Attorney’s Office in Massachusetts Confirmed his extradition February 26. This marks a significant development of multinational corporations Suppress cryptocurrency fraud.
“Between 2018 and 2024, Gotbit allegedly provided market manipulation services to create manual transaction volumes for multiple cryptocurrency companies including companies based in the U.S.,” the press release read.
Court documents show Andriunin publicly admitted in a 2019 interview that he had designed a code to execute “Wash Trades.” Wash Trading is a practice where a trader buys and sells the same asset or Safety In a short time Create a wrong appearance High trading volume and liquidity.
“Andriunin allegedly retains records of Gotbit market manipulation, including spreadsheets that compare “created quantities” in WASH transactions with “naturally occurring “market volumes”, sued statement Famous.
Prosecutors claim that this deceptive approach is the cornerstone of Gotbit’s strategy to attract customers. Clients pay high fees for what they consider to be legitimate market support.
Further allegations show Andriunin transfers millions of dollars of illegal gains from Gotbit to his personal account Encrypted exchange binary.
At the same time, this case is part of a larger international Operation Fight against encryption fraud. The FBI leads it under the name of Operation Token Mirror. As part of the investigation, FBI agent Created a fake token Name Nexfundai the capture machine.
US Intelligence Agency seizes over $25 million in cryptocurrency assets and closure Several trading robots. These bots are linked to 60 tokens used to manipulate transaction volume and deceive investors.
The legal action began on October 9, 2024. The indictment accused 18 individuals and entities, Gotbit and its two directors, Fedor Kedrov and Qawi Jalili, including those named.
In addition, the replacement indictment dated October 31, 2024 provides further details on the role of Andriunin. The indictment accuses him Plan a conspiracy.
If found guilty, Andriunin could be sentenced to 20 years of telegraph fraud. He can receive another five years of conspiracy Manipulate the market And commits wire fraud.
Each fee will also result in potential fines of up to $250,000, or double the financial losses and supervision releases, compensation and asset forfeiture.
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