‼️ Breaking Update: Gotbit's CEO, Alexey Andryunin, has been apprehended in Portugal following an FBI-led investigation, with extradition to the U.S. now on the table. The arrest stems from an extensive cryptocurrency fraud investigation involving Gotbit Hedge Fund, which was the primary market maker for Hamster Kombat (
$HMSTR ) token.
🐹 Impact on HMSTR: The arrest sent shockwaves through the market, causing the
$HMSTR token to plummet by 11% yesterday. This dramatic drop has left many traders on edge, fearing further declines.
🔍 The Investigation: The U.S. authorities have launched charges against three companies and 15 individuals tied to fraudulent crypto activities. Gotbit, ZM Quant, and CLS Global are among the entities under scrutiny. So far, the investigation has resulted in:
Four arrests
Five plea deals
$25 million worth of cryptocurrency assets seized
📉 FBI’s Undercover Sting: The FBI's sting operation involved the creation of a token called NexFundAI on Ethereum. By engaging with various market makers, FBI agents discovered fraudulent activities, including the use of fake addresses and manipulated trading algorithms to artificially boost token volumes.
🚨 Key Revelations: The investigation uncovered practices like:
"Wash trading"
"Fake trades"
"Market manipulation"
"Artificially inflating trading volumes"
These criminal activities could lead to sentences of up to 20 years for those involved. The impact on
$HMSTR holders could be significant as this case unfolds.
Stay vigilant and informed if you're trading or holding
$HMSTR .
#hmstercombate #hamsterkombat24 #Write2Earn!