Gotbit Crypto Fraud: US DoJ Finds Gotbit Consulting Guilty of USD 23 Million Cryptocurrency Scam, Founder Aleksei Andriunin To Face 2 Years in Prison
The US Department of Justice (DoJ) found Gotbit Consulting guilty of a USD 23 million cryptocurrency fraud. Gotbit founderAleksei Andriunin will likely face face two years in prison for this crypto fraud.
The US Department of Justice (DoJ) busted a crypto fraud worth millions of dollars and announced that Gotbit Consulting LLC (Gotbit) pleaded guilty to market manipulation and fraud conspiracy. Gotbit agreed to cease its operations and forfeit nearly USD 23 million in seized cryptocurrency. DoJ said the government would sentence venture capital firm Gotbit founder Aleksei Andriunin (26) for up to two years in prison. Gotbit is based in Geneva, Switzerland. Bitcoin Price Today, March 23, 2025: BTC Price Currently at USD 84,000 Mark, Shows Signs of Slight Fluctuations.
Department of Justice Found Gotbit Guilty of USD 23 Million Crypto Fraud
A $23M crypto fraud just got nailed by the DOJ.
One of crypto's most controversial market makers has pleaded guilty. Gotbit Consulting admitted to using wash trades and fake volume to pump token prices.
The founder built custom software to make it all work.
The result? Years of…
— Bitcoin.com News (@BTCTN) March 23, 2025
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(The above story first appeared on LatestLY on Mar 23, 2025 03:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
