PANews reported on June 13 that according to The Block, Gotbit founder Aleksei Andriunin was sentenced to eight months in prison by the Federal Court of Massachusetts for manipulating thePANews reported on June 13 that according to The Block, Gotbit founder Aleksei Andriunin was sentenced to eight months in prison by the Federal Court of Massachusetts for manipulating the
Gotbit founder sentenced to 8 months in prison for fake trading case, company suspended for 5 years
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on June 13 that according to The Block, Gotbit founder Aleksei Andriunin was sentenced to eight months in prison by the Federal Court of Massachusetts for manipulating the crypto market through fake transactions, and an additional year of supervised release. Gotbit was also sentenced to five years of probation, during which all operations will be suspended. Prosecutors pointed out that Gotbit has created fake trading volumes for many crypto projects since 2018 to manipulate the price of coins and promote listings, with a cumulative trading volume of tens of millions of dollars.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
XRP Price News: Elon Musk Confirms X Money Crypto Plans as Pepeto’s Three Products Approach Launch and the 537x Window Stays Open
Elon Musk just told the world that X Money is adding crypto. When a platform with hundreds of millions of users integrates cryptocurrency, the market pays attention
Share
Techbullion2026/03/07 08:37
CME Group to Launch Solana and XRP Futures Options
The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39
What should investors expect from the Federal Reserve after latest jobs data?
Investors looking at the Federal Reserve after the latest jobs data got a rough answer on Friday. The labor market is getting weaker, inflation is still above the
Share
Cryptopolitan2026/03/07 08:20