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Crypto Kingpin Caught Red-Handed: The Shocking Tale of How One Russian Tycoon Used His Billion-Dollar Empire to Scam Billions Out of Your Hard-Earned Cash

A  illustration depicting a shadowy figure (representing Aleksei Andriunin) holding scales with fake money on one side and real wealth on the other. In the background, a cityscape of cryptocurrency exchanges and stock markets is distorted to show manipulated market data. The 'kingpin' character's hands are covered in oil slicks symbolizing his involvement in dirty dealings.

When you think crypto is all about revolutionary innovation, take a deep dive into this one. The latest salvo in the ongoing DOJ’s crackdown on cryptocurrency shenanigans has landed Aleksei Andriunin, founder of Gotbit, behind bars for orchestrating an elaborate wash trading scheme to pump up market volumes and dupe unsuspecting investors globally.

Source: bitcoin.com

The DOJ has indicted a Russian cryptocurrency CEO for allegedly orchestrating a vast wash trading scheme to inflate crypto market volumes, misleading investors and exchanges globally. The U.S. Department of Justice (DOJ) announced on Thursday that Aleksei Andriunin, the founder and CEO of cryptocurrency financial services firm Gotbit, has been indicted on charges of wire fraud and conspiracy to commit market manipulation and wire fraud. The announcement states: A Russian […]

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