Odaily News Aleksei Andriunin, founder of market maker Gotbit, was extradited to the United States on Tuesday to face charges of fraud related to his company's involvement in manipulating token prices. Andriunin, a Russian national, was arrested in Portugal last October and subsequently indicted by a Boston grand jury on charges of market manipulation and wire fraud with Gotbit and two Russian directors, and could face up to 25 years in prison.
According to the indictment, Gotbit provided token price manipulation services to multiple crypto companies from 2018 to 2024 and earned tens of millions of dollars from it. Andriunin has made his first appearance in a Boston court, and the next hearing has not yet been scheduled. (CoinDesk)