According to Foresight News, Gotbit Hedge Fund officially tweeted, "Our CEO Alex Andryunin was arrested in Portugal. We do not have more details at the moment, but please rest assured that your account on 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. We will update as soon as we have more information."