Aleksei Andriunin, founder of cryptocurrency market maker Gotbit, was sentenced to 8 months in prison and 1 year of supervised release by a federal court in Massachusetts on June 13 for engaging in cryptocurrency market manipulation. Gottit Company has been sentenced to 5 years of probation and will cease operations during this period. The prosecutor accuses him of conducting millions of dollars in fraudulent wash trading through Gotbit between 2018 and 2024, helping multiple cryptocurrency projects inflate trading volume and increase token prices. In March of this year, Andriunin reached a plea agreement with the US Department of Justice for $23 million. （The Block） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43989