Gotbit founder was involved in “a wide-ranging conspiracy” to manipulate crypto markets on behalf of client companies.

The sting came after the SEC tipped off the FBI to potential market manipulation by a Boston-based crypto firm called Saitama, which at one point had boasted a multi-billion market value ...

The US Department of Justice (DOJ) has indicted Aleksei Andriunin, Gotbit's founder, for wire fraud and market manipulation.

Discover what crypto is and how it works. A cryptocurrency is a digital form of money. They are digital assets created to be used to pay for goods and services. Cryptocurrencies can be used as a ...

Several of the defendants worked at Saitama, a Massachusetts-incorporated crypto firm that manipulated its token price to create a market value of $7.5 billion. Saitama worked with one of the ...

The crypto market offers opportunities for innovation and financial gains but has its traps, especially regarding market manipulation.

Crypto sting operations evolved from traditional ... Also, onchain data reveals that a wallet, which once manipulated SAITAMA to rake in over $11 million, funded the NexFundAI deployer with ...

According to charging documents, Saitama’s leadership was “actively ... investing public with false promises of profits in the crypto markets, investors should be mindful that the deck may ...

If convicted of wire fraud, Aleksei Andriunin, founder of crypto ‘market maker’ Gotbit, faces up to 20 years in jail.

The investigation started with an SEC tip about a crypto company called Saitama, which was based near Boston, Jodi Cohen, head of the FBI’s Boston office, said at a press conference. Prosecutors ...