A Russian nationwide accused of cryptocurrency market manipulation has been extradited to the United States to face federal fees. Aleksei Andriunin, the Gotbit Founder, appeared in a Boston court docket following his extradition from Portugal, the place he had been residing.
Gotbit Founder Extradited to US Over Crypto Fraud
Gotbit Founder Andriunin, 26, was arrested in Portugal on October 8, 2024, following an indictment by a federal grand jury in Boston. He was extradited to the United States on February 25, 2025, and appeared in court docket the next day. A choose ordered his detention whereas awaiting additional proceedings.
The U.S. Attorney’s Office in Massachusetts introduced his extradition, stating that the Gotbit founder faces fees of wire fraud and conspiracy to commit market manipulation and wire fraud. Prosecutors allege that Andriunin led a scheme that manipulated cryptocurrency markets and generated hundreds of thousands in fraudulent proceeds.
Court paperwork state that between 2018 and 2024, Andriunin and his firm, Gotbit, supplied market manipulation companies to cryptocurrency corporations. Gotbit allegedly engaged in “wash trading,” which entails artificially inflating buying and selling quantity to make digital tokens seem extra invaluable.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Known for his incisive evaluation and insightful content material, he possesses a powerful command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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