Market Maker Arrested in Major Crypto Fraud Scandal!
In a shocking turn of events, Gotbit CEO Alexey Andryunin has been arrested in Portugal, following an FBI request for extradition linked to a sprawling cryptocurrency fraud case involving the Gotbit Hedge Fund, the very market maker behind the Hamster Kombat ($HMSTR) token.
đč HMSTR Token Takes a Hit: The news has already sent the HMSTR token plunging by 11%, shaking investor confidence and sparking concerns across the crypto market.
đ Charges Filed: U.S. authorities have indicted multiple companies, including Gotbit, ZM Quant, and CLS Global, along with 15 individuals for serious cryptocurrency fraud. The crackdown has led to:
Four arrests
Five plea deals
Seizure of $25 million in cryptocurrency
đ FBI Sting Operation Uncovered: In an unprecedented operation, the FBI launched a token called NexFundAI on Ethereum, engaging with market makers. In recorded conversations, employees discussed illicit strategies, including:
Wash Trading
Fake Transactions
Market Manipulation
Artificially Inflated Trading Volumes
These practices could land those involved up to 20 years in prison.
đ„ Whatâs Next? This monumental takedown is sending shockwaves through the crypto landscape, especially for HMSTR holders. As the investigation unfolds, itâs crucial to stay informed and vigilant.
If you're invested in HMSTR, keep your eyes peeledâthis story is far from over!
