Defendant pleads guilty to cryptocurrency fraud
Alekesei Andriunin, founder of crypto market maker Gotbit, has pleaded guilty to market manipulation before a court in Boston. He received a comparatively lenient sentence for this. The prosecution accuses Andriunin and Gotbit of conspiracy, electronic fraud (“wire fraud”) and fraudulent manipulation of the cryptocurrency trading volume. In addition to Gotbit and Andriunin, Fedor Kedrov