US authorities have taken custody of Aleksei Andriunin, the founding father of Gotbit, an organization accused of manipulating crypto markets.
He was arrested in Portugal on October 8, 2024, and extradited to america on February 25, 2025.
Based on the February 26 assertion from the US Legal professional’s Workplace for the District of Massachusetts, he appeared in a Boston federal courtroom, the place a choose dominated that he would stay in detention whereas the case proceeds.
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Andriunin, a Russian citizen, is dealing with critical fees alongside two Gotbit executives, Fedor Kedrov and Qawi Jalili. The three had been indicted by a US grand jury on October 31. Their involvement allegedly got here to mild when the FBI launched NexFundAI (NEXF), a faux crypto token designed to reveal fraudulent buying and selling practices.
Prosecutors say Gotbit’s enterprise revolved round artificially inflating buying and selling exercise. The corporate reportedly used software program to execute wash trades, making it seem to be sure tokens had excessive demand.
Investigators estimate that Gotbit made tens of thousands and thousands of {dollars} from these actions between 2018 and 2024. Andriunin himself is accused of transferring a number of the proceeds into his Binance
$15.64B
account.
Andriunin may resist 20 years in jail for wire fraud, together with a tremendous that would attain $250,000. Extra conspiracy fees associated to market manipulation may add one other 5 years to his sentence.
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