🚀 SunPump Announces Strategic Partnership With Gotbit To Boost Meme Projects
#SunPump #Gotbit #MemeProjects #Web3 #TRON #Partnership #EcologicalPartnership #TRX
According to Odaily, SunPump has announced on its official X platform that it has entered into a strategic partnership with top Web3 hedge fund Gotbit to establish an ecological partnership. SunPump stated that Gotbit, as a long-term supporter of SunPump's Meme projects, will play a crucial role in enhancing market opportunities for these projects. This strategic collaboration aims to promote the continuous and healthy development of the TRON Meme ecosystem.#SunPump #Gotbit #MemeProjects #Web3 #TRON #Partnership #EcologicalPartnership #TRX
🚀 Federal Prosecutors Charge Crypto Market Manipulators
#FederalProsecutors #CryptoMarket #MarketManipulation #Gotbit #ZMQuant #WashTrading #CryptoProjects #Securities #RoboInu #VZZN #NextFundAI #Saitama #SEC #Indictments
According to CoinDesk, federal prosecutors have charged two purported market makers, several crypto projects, and over a dozen individuals with manipulating various crypto markets. The charges allege that these entities profited from fees and selling manipulated coins at elevated values.
The charging documents, unsealed on Wednesday, reveal that Gotbit and ZM Quant engaged in wash trading of various tokens to create the illusion of legitimate activity. They sold these tokens at artificially inflated prices, marketed them on various platforms, and convinced exchanges to allow them to buy tokens with reduced fees. Prosecutors claim that both Gotbit and ZM Quant publicly presented themselves as legitimate market makers offering legal services, while privately providing illegal services, including wash trading.
In Gotbit’s case, the illegal activities were not entirely private. In 2019, Gotbit co-founder Alexey Andryunin, then a 20-year-old college sophomore, explained to CoinDesk how the wash trading services worked. He admitted that Gotbit was not registered in any jurisdiction because it was “not entirely ethical.” ZM Quant was registered in the British Virgin Islands, but its employees named in the indictment were based in Hong Kong. Gotbit's employees are believed to be Russian.
The manipulated tokens included Robo Inu, which saw a price increase after the indictment was unsealed. Other named defendants include VZZN, NextFundAI, and Saitama. According to the indictments, each token, including Robo Inu, is classified as a security. Several individuals behind these projects, including Robo Inu founder Vy Pham, have also been named as defendants.
The U.S. Securities and Exchange Commission (SEC) has unveiled parallel civil charges against Gotbit and its employee director Fedor Kedrov, a Russian resident.#FederalProsecutors #CryptoMarket #MarketManipulation #Gotbit #ZMQuant #WashTrading #CryptoProjects #Securities #RoboInu #VZZN #NextFundAI #Saitama #SEC #Indictments
🚀 CryptoQuant Founder Predicts Imminent Cryptocurrency Regulation
#CryptoQuant #Cryptocurrency #Regulation #Gotbit #MemeCoin #KiYoungJu #Blockchain
According to BlockBeats, on October 10, CryptoQuant founder Ki Young Ju commented on the recent lawsuit filed by multiple U.S. departments against Meme coin market maker Gotbit and other crypto companies. He stated that cryptocurrency regulation is imminent and only a matter of time. Ju believes that regulation will help eliminate the stigma of gambling associated with cryptocurrencies.#CryptoQuant #Cryptocurrency #Regulation #Gotbit #MemeCoin #KiYoungJu #Blockchain
🚀 FBI Creates Ethereum Token To Catch Market Manipulators
#FBI #Ethereum #NexF #marketmanipulation #crypto #Uniswap #NexFundAI #criminalcase #Gotbit #ZMQuant #CLSGlobal #MyTrade #wastrading #ETH #UNI
According to PANews, the Federal Bureau of Investigation (FBI) has developed an Ethereum token named NexF as part of a sting operation aimed at apprehending market manipulators. This initiative has reportedly generated approximately $14,500 in profits for the FBI. The agency established a liquidity pool for NexF on Uniswap through a fictitious crypto company called NexFundAI and achieved these profits by removing part of the liquidity. This operation is part of a broader criminal case by the Department of Justice targeting market manipulation in the crypto sector, involving companies such as Gotbit, ZM Quant, CLS Global, and MyTrade. These firms are alleged to have manipulated the prices and trading volumes of around 60 cryptocurrencies through wash trading.#FBI #Ethereum #NexF #marketmanipulation #crypto #Uniswap #NexFundAI #criminalcase #Gotbit #ZMQuant #CLSGlobal #MyTrade #wastrading #ETH #UNI
🚀 Hamster Kombat Clarifies Relationship With Gotbit
#HamsterKombat #Gotbit #transparency #gaming #cryptocurrency
According to Odaily, the Telegram-based game Hamster Kombat has made a statement on the X platform emphasizing its commitment to transparency within the Hamster ecosystem. The announcement comes in response to recent news involving Gotbit. Hamster Kombat clarified that it has never collaborated with Gotbit as a market maker.#HamsterKombat #Gotbit #transparency #gaming #cryptocurrency
🚀 Beercoin And WaterCoin Clarify Market Maker Changes Amid Gotbit Lawsuit
#Beercoin #WaterCoin #Gotbit #marketmaker #lawsuit #SEC #FBI #DOJ #cryptocurrency #fraud #marketmanipulation #WATER
According to Odaily, following the lawsuit against market maker Gotbit by the U.S. government, Beercoin and WaterCoin have clarified that they have replaced their market makers and currently have no association with Gotbit. Beercoin stated that it had ceased cooperation with Gotbit some time ago, while WaterCoin mentioned that it switched market makers after launching WATER due to doubts about Gotbit's integrity. However, community users have expressed skepticism about these claims.
Previously, Lookonchain reported that the U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) had filed charges against Gotbit and other cryptocurrency companies for alleged fraud and market manipulation. Gotbit had previously claimed that their sale of WATER tokens was intended to lower the price to a fair level, but their token sales significantly exceeded their purchases.#Beercoin #WaterCoin #Gotbit #marketmaker #lawsuit #SEC #FBI #DOJ #cryptocurrency #fraud #marketmanipulation #WATER
🚀 Gotbit CEO Alex Andryunin Arrested In Portugal
#Gotbit #AlexAndryunin #Arrest #Portugal #Blockchain #Cryptocurrency #UserSecurity #Innocence #Cooperation #Investigation
According to BlockBeats, on October 16, Gotbit announced via social media that its CEO, Alex Andryunin, has been arrested in Portugal. At this time, no further details have been provided, but the company assures that user accounts with Gotbit remain secure.
Gotbit's current objective is to prove the innocence of both the company and its CEO, Alex Andryunin. The company has expressed its readiness to fully cooperate with authorities, providing all necessary documentation to support the investigation and swiftly resolve the misunderstanding.#Gotbit #AlexAndryunin #Arrest #Portugal #Blockchain #Cryptocurrency #UserSecurity #Innocence #Cooperation #Investigation
🚀 Gotbit CEO Sentenced for Crypto Market Manipulation
#Gotbit #CryptoMarketManipulation #AlekseiAndriunin #WashTrading #Cryptocurrency #CoinMarketCap #CryptoProjects #LegalNews #PrisonSentence #Extradition
According to Odaily, Aleksei Andriunin, founder and CEO of Gotbit, has been sentenced to eight months in prison by a Massachusetts district court for manipulating the cryptocurrency market and conducting millions of dollars in wash trades. Following his imprisonment, Andriunin will be subject to one year of supervised release.
Prosecutors revealed that from 2018 to 2024, Andriunin and the Gotbit team provided services to multiple crypto projects, creating false trading volumes through code and multi-account operations to fabricate on-chain activity. This strategy helped projects gain visibility on CoinMarketCap and secure listings on major exchanges, earning Gotbit tens of millions of dollars.
Additionally, Gotbit has been sentenced to five years of probation, during which it is prohibited from continuing related operations. Prosecutors stated that Andriunin was arrested in Portugal in October 2024 and extradited to the United States in February 2025, where he signed a plea agreement in March.#Gotbit #CryptoMarketManipulation #AlekseiAndriunin #WashTrading #Cryptocurrency #CoinMarketCap #CryptoProjects #LegalNews #PrisonSentence #Extradition
🚀 U.S. Charges 10 Individuals in Digital Asset Pump-and-Dump Schemes
#UScharges #digitalassets #pumpanddump #cryptocurrency #Gotbit #Vortex #Antier #Contrarian #tradingfraud #NS3AI #extradition #Singapore #justice
The U.S. Department of Justice has charged 10 individuals associated with Gotbit, Vortex, Antier, and Contrarian in connection with alleged pump-and-dump schemes involving digital assets. According to NS3.AI, prosecutors accused the defendants of artificially inflating trading volumes and prices before selling the assets to unsuspecting investors. Authorities have seized over $1 million in cryptocurrency as part of the investigation. Three of the defendants were extradited from Singapore, while two others have already pleaded guilty and received their sentences.#UScharges #digitalassets #pumpanddump #cryptocurrency #Gotbit #Vortex #Antier #Contrarian #tradingfraud #NS3AI #extradition #Singapore #justice