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