In a tale as twisty as the Volga, the supposed mastermind behind the crypto contraption known as Gotbit, one Aleksei Andriunin, has been whisked away from the sunny climes of Portugal to the not-so-sunny courtrooms of America. Market manipulation and wire fraud conspiracy charges await him like a bear in the woods!
This Andriunin, a man of many talents but perhaps not the best of judgment, was nabbed by the Portuguese police on the 8th day of October. Like a boomerang, he was flung back to the US on the 25th, only to be greeted by the stern faces of federal judges in Boston. They decreed: “Detention, until we say otherwise!” decreed the Massachusetts Attorney’s Office on the 26th of February.
But wait, the plot thickens! Andriunin and his cronies, the directors Fedor Kedrov and Qawi Jalili, were indicted by a grand jury, as if in a scene from a Gogolian play, on the spookiest of days, October 31st.
It seems Gotbit and its band of merry men fell for the FBI’s cunning ruse, the NexFundAI (NEXF) “trap token” – a snare as clever as a fox, designed to catch the very same fraudsters who thought they could dance around the rules of the market.
Gotbit, with its software shenanigans, allegedly inflated trading volumes like a balloon seller at a fair, all to make its clients look good for market aggregators and exchanges. And what a show it was!
Kedrov and Jalili, it is said, were quite the salesmen, peddling their wash trading tactics to the unsuspecting. They even had the gall to boast about their sneaky strategies in a 2019 interview, as if they were discussing the weather!
The US authorities claim that Gotbit raked in tens of millions of dollars – a treasure trove fit for a pirate king – from 2018 to 2024 with their not-so-honest services.
Andriunin, a mere 26-year-old Russian soul, is also accused of siphoning off some of that loot into his personal Binance account. A move as bold as it was foolish!
If convicted, this conspiracy to manipulate markets and commit wire fraud could land Andriunin in a cell for up to five years – a sentence that might make him wish for the simplicity of a Russian winter.
And as if that weren’t enough, the US Securities and Exchange Commission decided to throw their hat into the ring, filing a fraud suit against Gotbit and Kedrov in October. What a time to be alive!
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2025-02-27 06:14