US authorities have taken custody of Aleksei Andriunin, the founding father of Gotbit, an organization accused of manipulating crypto markets.
He was arrested in Portugal on October 8, 2024, and extradited to america on February 25, 2025.
In line with the February 26 assertion from the US Legal professional’s Workplace for the District of Massachusetts, he appeared in a Boston federal court docket, the place a decide dominated that he would stay in detention whereas the case proceeds.
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Andriunin, a Russian citizen, is dealing with severe prices alongside two Gotbit executives, Fedor Kedrov and Qawi Jalili. The three have been indicted by a US grand jury on October 31. Their involvement allegedly got here to gentle when the FBI launched NexFundAI (NEXF), a faux crypto token designed to show fraudulent buying and selling practices.
Prosecutors say Gotbit’s enterprise revolved round artificially inflating buying and selling exercise. The corporate reportedly used software program to execute wash trades, making it look like sure tokens had excessive demand.
Investigators estimate that Gotbit made tens of thousands and thousands of {dollars} from these actions between 2018 and 2024. Andriunin himself is accused of transferring a few of the proceeds into his Binance
$16.78B
account.
Andriunin might withstand 20 years in jail for wire fraud, together with a nice that would attain $250,000. Further conspiracy prices associated to market manipulation might add one other 5 years to his sentence.
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