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by: xpoolPosted on: June 14, 2025

Gotbit Bust: $23M Scam Unmasked, CEO Jailed

Crypto industry giant Gotbit Consulting LLC has been officially shut down following a major market manipulation scandal. The firm was found guilty of running a massive wash trading operation that inflated the prices of various cryptocurrencies like Robo Inu and Saitama, resulting in substantial financial losses for investors. 8-month prison sentence for CEO Aleksei Andriunin brings this to light.

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  4. SEC Repeals Crypto Custody Rules, Opening Door for Growth
Cryptocurrency Market Manipulation SEC

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