Neiro Ends Partnership With Gotbit Amid Manipulation Accusations
$NEIRO The partnership with Gotbit ended after Gotbit was accused of manipulating token prices and engaging in suspicious market activity. Blockchain researcher ZachXBT, who uncovered Gotbit’s schemes, expressed surprise that Neiro would even enter into such a partnership. He noted that Gotbit has a long history of manipulation, and evidence of their activities was publicly available. ZachXBT also questioned why Neiro did not end the relationship sooner, suggesting that the action was taken after the fact.
#Gotbit continues to face criticism from regulators such as #SEC and the U.S. Department of Justice. The recent arrest of the company's CEO for market manipulation has added to the negative attention on the firm and its partners.
Increased regulation has forced #Neiro to end its partnership with Gotbit. Despite claims of stability, the transfer of funds to the community wallet and the CTO's investment raise questions about the possible consequences.
The investigation into Gotbit's activities could also impact other projects such as$HMSTR , Baby Doge and SunPump, which were in collaboration with this company.
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