‼️ Breaking News: Gotbit CEO Alexey Andryunin has been arrested in Portugal, following an FBI request for extradition to the U.S. The arrest is tied to a huge cryptocurrency fraud scandal involving Gotbit Hedge Fund, the market maker behind the Hamster Kombat ($HMSTR) token.

🐹 HMSTR Token Impact:

As the news broke, the HMSTR token suffered an 11% drop, causing ripples across the market.

🔍 Charges Filed:

U.S. authorities have indicted three companies and 15 individuals, including Gotbit, ZM Quant, and CLS Global, for cryptocurrency fraud. So far, this enforcement effort has resulted in:

Four arrests

Five plea deals

$25 million in cryptocurrency seized

📉 FBI Sting Operation:

In a bold move, the FBI created a token called NexFundAI on Ethereum, contacting various market makers. During confidential calls, MM employees openly discussed using algorithms designed for market manipulation, including boosting trading volumes and creating fake addresses to mimic organic token growth.

🚨 Key Findings:

The FBI identified several illegal practices, such as:

"Wash trading"

"Fake transactions"

"Market manipulation"

"Artificially inflating trading volumes"

These crimes carry severe penalties, with those found guilty facing up to 20 years in prison.

💥 Conclusion:

This monumental crypto fraud takedown has sent shockwaves through the industry, particularly for those involved with the HMSTR token. If you’re holding or trading HMSTR, stay alert and stay informed as this story unfolds!

By the way.. 💸🎁👇

EARN 20$ INSTANTLY WITH BINANCE! 💥

Would you like to earn 20$ bonus in just a few steps?

🎉 If you have never traded futures before, this is your chance!

Those who activate their futures for the first time and send funds from a spot wallet will get the bonus instantly! 🚀

👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇

🔗 Click to activate futures transactions now!

#cryptonews #BTC #HamsterKombat #HMSTR #Gotbit #cryptoalert #Moonbix #blockchain #cryptomarket #crypto