$HMSTR

ā€¼ļø BREAKING NEWS: Gotbit CEO Alexey Andryunin has been arrested in Portugal at the FBIā€™s request, and now faces extradition to the U.S. following shocking allegations of widespread crypto fraud involving Gotbit Hedge Fund, the market maker for Hamster Kombat (HMSTR) token.

šŸ¹ Impact on HMSTR Token:

Yesterday, HMSTR token saw a sharp -11% drop as news of the arrest sent shockwaves through the market. Investors are on high alert.

šŸ” The Charges:

The U.S. has filed charges against 3 companies and 15 individuals involved in a massive crypto fraud scheme. The crackdown includes:

ā€¢ 4 arrests

ā€¢ 5 plea deals

ā€¢ $25 million in crypto seized! šŸ’°

šŸ“‰ FBIā€™s Sting Operation:

In a bold move, the FBI created a token called NexFundAI on the Ethereum blockchain, approaching market makers (MMs) in undercover calls. MMs revealed their shady tacticsā€”manipulating volumes and creating fake addresses to inflate token growth.

šŸšØ Key Findings:

The FBI identified these practices as:

ā€¢ Wash trading

ā€¢ Fake transactions

ā€¢ Market manipulation

ā€¢ Artificial volume inflation

These serious crimes could land those involved in prison for up to 20 years. šŸ˜³

šŸ’„ Conclusion:

This massive fraud bust is shaking the entire crypto industry, especially HMSTR investors. If youā€™re trading or holding HMSTR, stay informed and be cautious as the fallout continues.

šŸ’” Stay sharp, stay safe ā€“ always trade with trust!

#Binancepen_spark #CryptoScamAlert #Gotbit #hmstr_kombat #Write2Earn!