Wu reported that the U.S. Department of Justice has indicted Aleksei Andriunin, the founder and CEO of the cryptocurrency financial services company Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Russian citizen Aleksei Andriunin, residing in Portugal, was arrested on October 16. Court documents show that Gotbit provided market manipulation services, creating artificial trading volumes for several cryptocurrency companies (including those based in the U.S.) to get cryptocurrencies listed on CoinMarketCap. Gotbit conducted false trades worth millions of dollars on behalf of its clients and earned tens of millions of dollars from these fraudulent services. Andriunin transferred millions of dollars in profits from Gotbit into his personal Binance account.