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 the US on February 25, 2025.
In line with the February 26 assertion from the US Legal professional’s Workplace for the District of Massachusetts, he appeared in a Boston federal court docket, the place a decide dominated that he would stay in detention whereas the case proceeds.
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Andriunin, a Russian citizen, is dealing with severe prices alongside two Gotbit executives, Fedor Kedrov and Qawi Jalili. The three have been indicted by a US grand jury on October 31. Their involvement allegedly got here to gentle when the FBI launched NexFundAI (NEXF), a pretend 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 tens of millions of {dollars} from these actions between 2018 and 2024. Andriunin himself is accused of transferring a number of the proceeds into his Binance
$11.71B
account.
Andriunin might resist 20 years in jail for wire fraud, together with a tremendous that might attain $250,000. Extra conspiracy prices associated to market manipulation might add one other 5 years to his sentence.
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