Aleksei Andriunin, founder and CEO of Gotbit, was extradited to the U.S. on February 25, 2025, facing charges of wire fraud and market manipulation. The 26-year-old Russian national was arrested in October 2024 for allegedly conducting wash trading to inflate cryptocurrency volumes for clients, including U.S. companies, between 2018 and 2024. If convicted, he could face up to 20 years in prison for wire fraud and five years for conspiracy to commit market manipulation.
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0 posts last weekGotbit Founder Extradited to US Facing Market Manipulation Charges
Aleksei Andriunin, founder and CEO of Gotbit, was extradited to the U.S. on February 25, 2025, to face charges of wire fraud and market manipulation. Arrested in October 2024, the 26-year-old Russian allegedly manipulated crypto markets for client companies between 2018 and 2024, potentially facing up to 20 years in prison if convicted. In a separate development, Ondo Finance has partnered with Mastercard as its first tokenized real-world assets provider for the Multi-Token Network, allowing businesses to earn yield on idle cash through tokenized U.S. Treasuries.
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