$HMSTR

🚨 SCAM ALERT: HMSTR Token Market Maker Arrested – Major Crypto Fraud Uncovered! 🛑💥

‼️ Breaking News: Gotbit CEO Alexey Andryunin has been arrested in Portugal at the request of the FBI, facing extradition to the U.S. This comes after allegations of widespread cryptocurrency fraud involving Gotbit Hedge Fund, the market maker for Hamster Kombat (HMSTR) token.

🐹 Impact on HMSTR Token:

Yesterday, the HMSTR token saw a -11% drop as news of the arrest spread, sending shockwaves through the market.

🔍 The Charges:

The U.S. has filed charges against three companies and 15 individuals involved in cryptocurrency fraud, including Gotbit, ZM Quant, and CLS Global. This crackdown has led to:

Four arrests

Five plea agreements

$25 million in crypto seized

📉 FBI's Sting Operation:

The FBI took undercover action, creating a token called NexFundAI on the Ethereum blockchain. They reached out to several market makers (MMs), and during private calls, MM employees revealed their manipulative trading algorithms for inflating volumes and creating multiple fake addresses to simulate organic token growth.

🚨 Key Findings:

The FBI classified these practices as:

"Wash trading"

"Fake transactions"

"Market manipulation"

"Artificially inflating trade volume"

These serious charges could result in up to 20 years in prison for those involved.

💥 Conclusion:

This massive crypto fraud bust has shocked the industry, especially for those involved with the HMSTR token. If you’re holding or trading HMSTR, stay informed and be cautious as this situation unfolds.

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