Wash trading

Highlights: Gotbit founder Aleksei Andriunin has been extradited to the US for fraud. Authorities say Gotbit used fake trading to trick investors and inflate cryptocurrency values. Andriunin could face up to 25 years in prison for fraud and an additional […]

Highlights: DOJ charges Gotbit’s CEO with manipulating crypto trading volumes and deceiving investors with fake activity. Gotbit allegedly used wash trading tactics, boosting client assets’ popularity through artificial transactions. Andriunin and directors face up to 20 years in prison for […]