Aleksei Andriunin, founder and CEO of crypto market maker Gotbit, was arrested in Portugal on October 8th after his extradition to the U.S. for allegedly offering wash trading services as a business practice. The charges include wire fraud and conspiracy to commit market manipulation stemming from this activity. Gotbit is accused of collecting tens of millions of dollars between 2018 and 2024, with Andriunin transferring significant funds to his personal Binance account. The company, along with its sales director Qawi Jalili, market making director Fedor Kedrov, and the firm itself, have also been charged. The FBI’s Operation Token Mirrors led to charges against 18 individuals and eight companies in a complex investigation that revealed wash trading practices among multiple firms.