$BONK Market maker Gotbit officially confirmed on social media that its CEO was formally arrested in Portugal.
He was previously indicted by the US SEC and FBI for fraud and market manipulation.
Gotbit is the market maker behind BONK, ANALOS, CP, and YE.
This also marks that after the SEC sued Uniswap and other on-chain DEXs, the scope of law enforcement began to involve on-chain market makers and Meme teams, and the enforcement area also expanded from the United States to the world.
As a market maker with a certain influence, the arrest of Gotbit's CEO has raised questions about the security and compliance of the entire cryptocurrency ecosystem. In this case, some investors may choose to temporarily withdraw from the market to avoid potential risks, resulting in further weakening of the liquidity of the cryptocurrency market.
For industry supervision, the arrest of Gotbit's market maker CEO once again highlights the importance and urgency of cryptocurrency market supervision. Regulators may take this opportunity to strengthen supervision of the cryptocurrency industry and formulate more stringent regulations and policies to regulate market order and protect the legitimate rights and interests of investors.
In short, the arrest of the CEO of Gotbit Market Maker in Portugal is a significant event that has brought many challenges to the cryptocurrency market. However, it also provides an opportunity for the standardized development of the industry.
In the days to come, the cryptocurrency market needs to make efforts in strengthening supervision, enhancing confidence, stabilizing prices, etc. to achieve sustainable development.
