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 […]
Massive Crypto Liquidations Trigger Market Shakeup: $123 Million in Futures Contracts Dropped
Crypto markets experienced a dramatic shakeup overnight, with over $123 million in futures contracts liquidated across major exchanges in just one hour. This sudden shift in market sentiment […]
Gotbit Founder Extradited on Charges of Market Manipulation
If convicted, Andriunin faces up to 20 years in prison for wire fraud and up to five years for conspiracy to commit market manipulation and wire fraud. The […]
Bybit Breach and Security Flaw Vulnerability Threaten Crypto Market Stability
The crypto market is facing growing concerns regarding manipulation, security vulnerabilities, and liquidity instability, as exemplified by the recent Bybit hack and Ethereum’s continued vulnerability to attacks. This […]
Wintermute Liquidates Bitcoin Ahead of Price Drop, Raises Market Manipulation Concerns
Trading firm Wintermute has sold its entire Bitcoin (BTC) holdings as the cryptocurrency experienced a significant price drop below $90,000. This move follows a pattern of strategic selling […]