A Russian nationwide accused of cryptocurrency market manipulation has been extradited to the USA to face federal costs. Aleksei Andriunin, the Gotbit Founder, appeared in a Boston courtroom following his extradition from Portugal, the place he had been residing.
Gotbit Founder Extradited to US Over Crypto Fraud
Gotbit Founder Andriunin, 26, was arrested in Portugal on October 8, 2024, following an indictment by a federal grand jury in Boston. He was extradited to the USA on February 25, 2025, and appeared in courtroom the next day. A decide ordered his detention whereas awaiting additional proceedings.
The U.S. Lawyer’s Workplace in Massachusetts introduced his extradition, stating that the Gotbit founder faces costs of wire fraud and conspiracy to commit market manipulation and wire fraud. Prosecutors allege that Andriunin led a scheme that manipulated cryptocurrency markets and generated hundreds of thousands in fraudulent proceeds.
Courtroom paperwork state that between 2018 and 2024, Andriunin and his firm, Gotbit, supplied market manipulation providers to cryptocurrency companies. Gotbit allegedly engaged in “wash buying and selling,” which includes artificially inflating buying and selling quantity to make digital tokens seem extra precious.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Identified for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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