Close Menu
    What's Hot

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Aug. 7, 2025

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    Chain Tech CatcherChain Tech Catcher
    Subscribe
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano
    • All Posts
    Chain Tech CatcherChain Tech Catcher
    Home » Gotbit Founder Enters Plea Agreement in Cryptocurrency Manipulation Case
    News

    Gotbit Founder Enters Plea Agreement in Cryptocurrency Manipulation Case

    By adminMar. 21, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Gotbit Founder Enters Plea Agreement in Cryptocurrency Manipulation Case
    Gotbit Founder Enters Plea Agreement in Cryptocurrency Manipulation Case
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Aleksei Andriunin Reaches Plea Agreement with U.S. Authorities

    Aleksei Andriunin, the CEO of Gotbit, a cryptocurrency market-making platform, has reached a plea agreement with U.S. authorities after being accused of manipulating cryptocurrency markets.

    Details of the Agreement

    According to the deal, Andriunin, a Russian national, will forfeit approximately $23 million in stablecoins, including Tether (USDT) and USD Coin (USDC), to Massachusetts federal prosecutors. This agreement comes after Andriunin faced charges of conspiracy, wire fraud, and market manipulation. The legal settlement, signed on March 19, requires Andriunin to plead guilty to these charges.

    Implications of the Forfeiture

    However, the forfeiture of assets does not cover additional fines or penalties he may face, nor does it influence any restitution or other legal obligations. Furthermore, the deal, while binding between Andriunin and federal prosecutors, does not involve other authorities or agencies.

    Background on the Case

    Andriunin’s extradition to the U.S. in October 2024, following his arrest in Portugal, marked a key development in the case. Since his arrival in Boston, Andriunin has been detained as he faces serious allegations related to his platform, Gotbit. The platform is accused of orchestrating an extensive cryptocurrency market manipulation scheme, which took place between 2017 and 2024. Based in Belize, Gotbit allegedly provided false trading volumes for several global companies, including some in the United States.

    Ongoing Investigations

    Alongside Andriunin, several Gotbit employees, such as marketing director Fedor Kedrov and sales director Qawi Jalili, are also under investigation. Despite the assets mentioned in the plea agreement being controlled by Andriunin, they technically belong to Gotbit, further complicating the legal landscape surrounding the case.

    READ MORE:

    Bitcoin Could Reach Millions as Global Competition Intensifies – Anthony Pompliano

    Alexander Stefanov

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDubai Initiates Blockchain Pilot Program for Tokenizing Real Estate Assets
    Next Article Germany Halts Significant Altcoin’s Stablecoin Launch Due to Regulatory Concerns

    Related Posts

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    JPMorgan Launches Blockchain-Driven Repo Settlement Platform

    Aug. 7, 2025

    SEC Approves Liquid Staking for ETFs, Igniting Optimism in the Industry

    Aug. 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    Don't Miss

    Ethereum Rises 6.5% in the Last 24 Hours, Surpassing $3,800: Reasons Explained

    Altcoin Aug. 7, 2025

    Ethereum Surges Amid Institutional DemandEthereum surged 6.63% in the past 24 hours breaking above $…

    Co-Founder of Tornado Cash Convicted for Operating an Unlicensed Money Transmission Service

    Aug. 7, 2025

    Three Cryptocurrencies Demonstrating Bullish Momentum Due to Exchange Listings and Hype

    Aug. 7, 2025

    Dogecoin Price Forecast: Analysts Anticipate Bullish Momentum Despite Short-term Correction Risks

    Aug. 7, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    Keep up with blockchain through Chain Tech Catcher. Gain insights on crypto, DApps, & innovations. Stay informed in this evolving landscape!

    X (Twitter) Telegram
    Most Popular

    Is the Bitcoin Correction Approaching Its Conclusion? Analyst Forecasts Upcoming Movement

    Feb. 26, 20259 Views

    Bitcoin Cash Poised to Break 250 Mark

    Nov. 28, 20198 Views

    Cardano ADA Moves Towards 060 Resistance Level

    Aug. 1, 20226 Views
    © 2025 Chain Tech Catcher All rights reserved.
    • Home
    • News
    • Bitcoin
    • Altcoin
    • Ethereum
    • Blockchain
    • Ripple
    • Cardano

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