Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

July 23, 2025

Telegram’s TON Wallet goes live in US with eye on 87m users

July 23, 2025

Trump Signs GENIUS Act Into Law: The Full Transcript

July 23, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bitcoin Price Today Tests $116K Support – Is the Rally Still Alive?

    July 22, 2025

    Dream Of Banking The Unbanked Still Alive With Azteco

    July 22, 2025

    A New Era For Real Estate

    July 22, 2025

    Retail is Returning to Crypto—With Altcoins Gaining Strength, Here’s When Altseason May Get Started

    July 21, 2025

    Ethereum and Cardano Price Prediction: Is $5K ETH and $5 ADA on Horizon?

    July 22, 2025

    ‘Sell Ethereum, buy Bitcoin’ – Will Peter Schiff be right this time?

    July 22, 2025

    Analyst Benjamin Cowen Issues Altcoin Warning, Predicts Alts Will Now ‘Bleed’ Against Ethereum

    July 22, 2025

    Why Over 913,000 Ethereum(ETH) Is Lost Forever?

    July 22, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025

    Venture Capital Firms Launch $360,000,000 Crypto Treasury Company Focused on Arthur Hayes-Backed Ethena (ENA)

    July 22, 2025

    StableCoinX strengthens Ethena [ENA] rally with $5M daily accumulation plan – Details

    July 22, 2025

    Ethereum OI Explodes To $28B—Altcoin Rotation Begins: QCP

    July 22, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025
  • DeFi

    Zebec crypto extends rally on Algorand integration into Zebec Cards and payroll ecosystem

    July 22, 2025

    Is Bitcoin at risk of correction as SpaceX wallet moves $152m in BTC after three years?

    July 22, 2025

    Solana’s DeFi TVL hits $10B, highest level in six-month high

    July 22, 2025

    Jito proposes a block marketplace to turn Solana into a ‘decentralized Nasdaq’

    July 22, 2025

    ZBCN price rockets 15% as Zebec Network ecosystem posts strong June performance

    July 21, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    GameSquare Increases Crypto Treasury Program by $150 Million

    July 22, 2025

    Ethereum Has Already Won—Paul Brody

    July 22, 2025

    BitGo Eyes Public Debut as Pro-Crypto Momentum Builds Under Trump

    July 22, 2025

    Jito Launches BAM to Reshape Solana’s Blockspace Economy

    July 22, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    XRP trading volume soars as new ATH attracts deepfake scam targeting investors

    July 18, 2025

    AI-Generated Lcryx Ransomware Discovered in Cryptomining Botnet

    July 18, 2025

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    What Is an A Record? A Complete Guide to DNS A Records

    July 22, 2025

    Personal Finance Software Market Growth Accelerates: Strategic Forecast Predicts $2.66 Billion by 2029

    July 22, 2025

    What Is a Premium Domain? A Guide to Value, Pricing, and Onchain Opportunities

    July 22, 2025

    A $7.8M stealth CryptoPunks acquisition signals renewed whale interest in NFTs amid Ethereum’s rally and a resurgent market.

    July 22, 2025

    GaFin Partners with Play Off The Grid to Deliver Cyberpunk Thrills on Streamify

    July 22, 2025

    Shadow War Joins Nexus Night to Redefine DeFi

    July 19, 2025

    OpenSea’s Rally Acquisition Signals a Shift—But Toward What?

    July 18, 2025

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    US awmakers push for crypto clarity with new bill draft

    July 22, 2025

    SEC chair says Ethereum not a security and praises its pivotal role in digital currencies

    July 22, 2025

    Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M

    July 22, 2025

    Stablecoins infiltrate deeper into global finance as Western Union enters crypto

    July 22, 2025

    GENIUS Act makes immediate impact as JP Morgan looks to allow crypto as collateral for lending

    July 22, 2025

    Ethena launches StablecoinX as ENA climbs 8% and USDe supply crosses $6B

    July 22, 2025

    Trump Media discloses $2B Bitcoin holdings as Congress approves key crypto legislation

    July 22, 2025

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025
  • Analysis

    Solana staking ETF hits $100 million mark at record pace

    July 22, 2025

    XRP Price Breakout: Analyst Targets $6 Next

    July 22, 2025

    ETH Price Surges on ETF Inflows, $17K in Sight

    July 21, 2025

    Trader Unveils Two Bullish Scenarios for Ethereum Explosion to $6,000 – But There’s a Catch

    July 21, 2025

    Rare Altcoin Signal Brewing Since 2020 Foreshadowing Parabolic Expansion, According to Crypto Analyst

    July 20, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    BitGo joins flurry of crypto firms eyeing IPOs

    July 22, 2025

    Coinbase stock hits all-time high amid legislative triumphs

    July 19, 2025

    Binance, Coinbase feud heats up amid Bloomberg report dispute

    July 15, 2025

    Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

    July 23, 2025

    Telegram’s TON Wallet goes live in US with eye on 87m users

    July 23, 2025

    Trump Signs GENIUS Act Into Law: The Full Transcript

    July 23, 2025

    Solana’s (SOL) Utility Token Skyrocketed, Here’s Why This New Audited AI Token Could Be Next To Reach The Charts

    July 23, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Taxes & Regulation»Crypto market maker Gotbit and founder sentenced for fraud, manipulation
Taxes & Regulation

Crypto market maker Gotbit and founder sentenced for fraud, manipulation

June 14, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Gotbit Consulting LLC, a well-known cryptocurrency market maker, has recently been sentenced in federal court for engaging in criminal activities related to manipulating digital asset trading volumes. The firm’s founder and CEO, 26-year-old Aleksei Andriunin, has been given an eight-month prison sentence and one year of supervised release for his involvement in a conspiracy to commit wire fraud and market manipulation.

Andriunin, a Russian-Portuguese national, was extradited from Portugal to the U.S. earlier this year following his arrest in October 2024. Prosecutors have revealed that Gotbit orchestrated a complex scheme between 2018 and 2024, involving “wash trading” tactics to artificially inflate trading volumes on behalf of various token issuers, including Robo Inu and Saitama.

As part of a plea agreement, Gotbit has been sentenced to five years of probation and ordered to forfeit approximately $23 million in seized cryptocurrency. The firm, which operated outside the United States but collaborated with several U.S.-accessible crypto platforms, has been mandated to cease all its operations.

Gotbit’s services included creating fake trading volume to assist client tokens in gaining visibility on platforms like CoinMarketCap and securing listings on top-tier exchanges. In a 2019 interview, Andriunin openly admitted to developing software for wash trading to facilitate such activities while evading detection on the blockchain.

This case marks the third instance of a market-making firm being prosecuted for wash trading since 2024. Previous cases involved MyTrade and CLS Global, both caught in an undercover federal operation targeting market abuse in the digital asset industry. Gotbit’s directors, Fedor Kedrov and Qawi Jalili, are currently facing indictment, with criminal proceedings ongoing. Additionally, the Securities and Exchange Commission (SEC) has initiated a parallel civil enforcement action accusing Gotbit of violating securities laws.

See also  Germany could lose tax-free crypto policy under new ruling coalition

The criminal case against Gotbit was spearheaded by Assistant U.S. Attorneys Christopher J. Markham and David M. Holcomb, with asset forfeiture managed by AUSA Carol Head of the Asset Recovery Unit. The FBI’s Boston Division led the investigation into the matter.

As the authorities crack down on market abuse within the cryptocurrency sector, cases like Gotbit serve as a reminder of the importance of maintaining integrity and transparency in digital asset trading. The repercussions for engaging in fraudulent activities can be severe, highlighting the need for vigilance and accountability in the evolving landscape of crypto markets.

Crypto Founder Fraud Gotbit Maker manipulation market Sentenced
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

July 23, 2025

Trump Signs GENIUS Act Into Law: The Full Transcript

July 23, 2025

Stablecoins infiltrate deeper into global finance as Western Union enters crypto

July 22, 2025

Zebec crypto extends rally on Algorand integration into Zebec Cards and payroll ecosystem

July 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Crypto scammers ordered to pay $5m for IcomTech Ponzi

December 15, 2024

Web3 Longevity Protocols Want to Help Users Live Longer More Affordably

April 12, 2025

Tether-Backed Northern Data Striking Deals To Sell Its Crypto-Mining Arm: Bloomberg

November 28, 2024
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Global Security & Vulnerability Management Market to Surge to USD 9.34 Billion by 2034 Amid Escalating Cyber Threats

July 23, 2025

Telegram’s TON Wallet goes live in US with eye on 87m users

July 23, 2025

Trump Signs GENIUS Act Into Law: The Full Transcript

July 23, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.