2 entries tagged “wash-trading”.
A prominent crypto 'market maker' that the U.S. DOJ says ran wash-trading/market-manipulation services (2018–2024) to fake trading volume for token clients (including Saitama and Robo Inu) and win exchange listings. Charged in the FBI's 'Operation Token Mirrors'; founder Aleksei Andriunin pleaded guilty in 2025 and Gotbit forfeited $23M.
Russian founder and CEO of crypto market maker Gotbit. He pleaded guilty in 2025 to conspiracy to commit market manipulation and wire fraud for running wash-trading services that faked token trading volume; sentenced to eight months (time served), with Gotbit forfeiting $23M.
