Alexey Andriunin, the founder of the cryptocurrency company Gotbit, was extradited from Portugal to the USA on charges of market manipulation in the cryptocurrency markets. From 2018 to 2024, his company used the "your-trading" method to artificially inflate the trading volumes of cryptocurrencies, allowing them to appear on CoinMarketCap and major exchanges. Andriunin and his employees received tens of millions of dollars from clients for these actions. He is charged with fraud and market manipulation, which could lead to a lengthy prison sentence.
2/27/2025 7:43:59 AM (GMT+1)
Russian entrepreneur Alexey Andriunin has been extradited to the USA on charges of market manipulation in cryptocurrency markets and fraud with client funds
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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