Following criminal and civil charges against crypto companies for market manipulation, meme coin projects are cutting ties with Gotbit, a market maker accused of illegal activities. Neiro, a meme coin project, announced the termination of its partnership with Gotbit, emphasizing no involvement in the firm's issues. Despite assurances, the crypto community remains skeptical, questioning Neiro's initial decision to collaborate with Gotbit. Other meme coin projects, like BMS and $BEER, also severed connections with Gotbit, expressing disapproval of the company's alleged misconduct. Gotbit faces accusations of wash trading and market manipulation by the U.S. DOJ and SEC, with past revelations from co-founder Alexey Andryunin shedding light on the company's unethical practices. The ongoing fallout highlights the challenges faced by meme coin projects associated with controversial market makers like Gotbit. Read more AI-generated news on: https://app.chaingpt.org/news