Gotbit founder Aleksei Andriunin has been extradited to the United States, facing charges of market manipulation

2025-02-27 08:20:54

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ChainCatcher news, according to CoinDesk, the U.S. Department of Justice (DOJ) announced that Gotbit founder, 26-year-old Russian citizen Aleksei Andriunin, has been extradited from Portugal to the United States, facing charges of market manipulation and telecommunications fraud, with a maximum sentence of 25 years in prison.

Andriunin was arrested in Portugal in October 2024 and was indicted by a Boston grand jury. The charges allege that from 2018 to 2024, Gotbit provided "market manipulation services" for cryptocurrency companies, helping clients inflate token trading volumes to raise prices, including for U.S. companies.

Department of Justice documents indicate that Gotbit profited tens of millions of dollars from this business, and Andriunin personally transferred millions of dollars into his Binance account. He made his initial court appearance in Boston on Tuesday, with subsequent hearing dates yet to be determined.

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