Neiro Cuts Ties with Gotbit Amid Controversy
The team behind Neiro memecoin has officially ended its partnership with market maker Gotbit, distancing itself from the company following recent developments. š Neiro's value skyrocketed after its Binance listing in September, catapulting it into the top 100 cryptocurrencies with a market cap surpassing $680 million.
Gotbit previously announced that it had been providing strategic consulting and networking services to Neiro since the tokenās launch, helping establish valuable connections with key exchanges and stakeholders. However, the Neiro team has now chosen to sever ties with Gotbit, stating on X (formerly Twitter)āa platform restricted in Russiaāthat this decision was in the best interest of the projectās future.
The breakup comes after the recent arrest of Gotbitās head, Alexey Andryunin, in Portugal. Andryunin and his company are facing serious allegations of market manipulation and crypto-related fraud from the U.S. authorities. Concerned about the potential fallout, the Neiro team believes continuing their association with Gotbit could harm the token's reputation and lead to a decline in market capitalization.
In their statement, the developers made it clear that the decision is purely strategic, emphasizing: āItās nothing personal, just business.ā With this move, Neiro aims to protect its standing in the market and maintain trust with its growing community.
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