Aleksei Andriunin, a Russian nationwide and founding father of Gotbit, was extradited by United States authorities due to his alleged actions inside an intensive cryptocurrency market manipulation conspiracy for his shopper cryptocurrency organizations.
The Portuguese authorities arrested Aleksei Andriunin on October 8, 2024 when he was 26 years previous after which he was transferred to the USA on February 25, 2025. The authorities introduced Andriunin to Boston federal courtroom the place he obtained jail detention till a future courtroom date is about.
Andriunin obtained his federal indictment via a Boston-based grand jury on October 31, 2024 on two counts of wire fraud alongside one depend of conspiracy to govern markets and commit wire fraud. The authorized expenses in opposition to Gotbit embody two administrators of Fedor Kedrov and Qawi Jalili alongside the corporate itself.
Court docket paperwork present Gotbit operated as a outstanding market maker throughout the cryptocurrency area. Gotbit operated as a man-made buying and selling service supplier that delivered fabricated market quantity to numerous cryptocurrency firms throughout 2018-2024 which included firms current in the USA.
Gotbit had Aleksei Andriunin serving as each its President and Chief Govt Officer. The interview transcript from 2019 reveals Andriunin describing how he wrote code to conduct “wash buying and selling” of cryptocurrencies in an effort to generate synthetic buying and selling quantity which allowed cryptocurrencies to seem on CoinMarketCap and bigger cryptocurrency exchanges.
The Gotbit staff in addition to Andriunin pitched the wash buying and selling strategies to new shoppers via Jalili whereas Kedrov supplied directions on how Gotbit performed commerce operations to evade blockchain Gotbit supplies its shoppers with wash buying and selling companies price hundreds of thousands of {dollars} which generated proceeds exceeding tens of hundreds of thousands of {dollars}.
Andriunin is accused of transferring quite a few hundreds of thousands of {dollars} from Gotbit into his Binance account which he managed personally.
Additionally Learn: US DoJ Indicts Gotbit Founder for Market Manipulation
