A high-profile figure in the crypto world faces prison time after cutting a deal with U.S. authorities. The case, shrouded in allegations of financial deception, exposes shadowy practices rattling digital asset markets. While details remain under wraps, the plea marks a pivotal moment in regulators’ battle against crypto crime. Behind the Plea Deal Aleksei Andriunin, 26, chose cooperation over a…
Russian National Faces 25-Year Prison Sentence for Market Manipulation Scheme. Aleksei Andriunin, the 26-year-old founder of crypto firm Gotbit, arrived in Boston on February 25, 2025, following extradition from Portugal. U.S. authorities charged him with wire fraud and conspiracy to manipulate cryptocurrency markets. Federal prosecutors allege Andriunin orchestrated a six-year scheme involving “wash trading” to inflate token values for clients.…