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Gotbit market maker CEO Alexey Andryunin faces fraud and conspiracy charges to manipulate the market. The U.S. DOJ indictment also mentions two other Gotbit employees – Fedor Kedrov and Quavi Jalili. Combined charges could land him up to 20 years in prison (NOT ENOUGH!!!!). Andryunin was detained on October 6 in Portugal at the request of the U.S. This and other detentions stem from DOJ and SEC allegations against Gotbit and three other firms – ZM Quant, CLS Global, and MyTrade. All are accused of market manipulation and wash trading to inflate token trading volumes artificially. According to prosecutors, this is the first criminal case for market manipulation in the cryptocurrency sector. – The first prosecution won’t be the last! What kind of SCAM system is this, with a guaranteed loss outcome?! How can anyone TRADE this JUNK knowing they’re already being set up?! submitted by /u/XGramatik |
Funny: El Salvador’s President Nayib Bukele has banned Jim Cramer from entering the country.
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