in Portugal at the FBI's request and is awaiting extradition to the U.S. to face charges. Gotbit Hedge Fund, which serves as the market maker for the Hamster Kombat ($HMSTR) token, is now under investigation. Following the arrest, $HMSTR's price dropped by 12% in the last 24 hours, causing concern among investors.

The U.S. Department of Justice has accused 16 companies and several individuals of engaging in a cryptocurrency fraud scheme, including Gotbit, ZM Quant, and CLS Global. The investigation has resulted in four arrests, six plea deals, and the seizure of more than $30 million in cryptocurrency.

Using their own Ethereum-based token, NexFundAI, the FBI conducted an investigation into fraudulent practices in the crypto market. They posed as a fake project to approach market makers and exposed how firms manipulated trading volumes through wash trading, which involved multiple wallets and artificial transactions.

Those involved now face serious charges, including the possibility of up to 25 years in prison for market manipulation. This case highlights the risks within the crypto space and the severe consequences of illegal activities.

Stay informed and cautious! #hamsterkombat24 #HAMMY #HamsterKombat #Hamstercombo