Gotbit officially confirmed that its CEO has been arrested in Portugal and will fully cooperate with the investigation to clear up the misunderstanding

According to TechFlow, on October 16, cryptocurrency market maker Gotbit officially confirmed on the social platform X that its CEO Alex Andryunin had been arrested in Portugal. Gotbit said it would fully cooperate with the investigation to prove the innocence of the company and its CEO.

"Our CEO Alex Andryunin has been arrested in Portugal. We do not have further details at this time, but rest assured that your account at Gotbit is safe. Our goal is to prove the innocence of the company and CEO Alex Andryunin. We are ready to fully cooperate with the authorities, provide all necessary documents to support the investigation, and quickly resolve this misunderstanding," the company statement said.