$HMSTR

Legendary News🔥🔥 Breaking News for Everyone About Hamster Coin

HMSTR Token Market Maker Arrested in Portugal Alexei Andryonin, CEO of Gotbit, was arrested in Portugal at the request of the FBI and is awaiting extradition to the United States. The Gotbit Hedge Fund is known to have partnered with Hamster Kombat and was supposed to act as a market maker for the HMSTR token (likely causing the token to drop by -11% yesterday in light of this news). The United States has charged three companies and 15 individuals with cryptocurrency fraud. The defendants include Gotbit, ZM Quant, and CLS Global, along with their leaders and employees. The charges have led to four arrests, five plea agreements, and the seizure of over $25 million in cryptocurrency. I’m sure 99% of people didn’t read the Reuters article, so here’s a quick summary: As part of its investigation, the FBI created its own token, NexFundAI, on the Ethereum blockchain and reached out to multiple market makers (MMs) to use their services. In private calls and messages with the secretive project, MM employees shared their algorithms for inflating volumes, creating multiple addresses for organic token distribution, and other techniques. The FBI interpreted all of the diminishing share services as “sham trading,” “fake transactions,” “market manipulation,” and “artificially inflating trade volume,” leading to charges that could result in up to 20 years in prison for the young individuals involved.