Gotbit CEO Aleksei Andriunin Sentenced for Crypto Market Manipulation
Aleksei Andriunin, the founder and CEO of Gotbit, a Russian cryptocurrency market maker, was sentenced to eight months in U.S. prison following charges of market manipulation and wire fraud. This sentencing is part of a crackdown on crypto market fraud under the FBI's "Operation Token Mirrors." Having served his prison term, Andriunin now faces deportation. Additionally, Gotbit was ordered to forfeit $23 million in cryptocurrency tied to the fraudulent activities.
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