The founding father of Gotbit, Aleksei Andriunin, has agreed to a plea take care of US prosecutors after being accused of manipulating cryptocurrency markets.
Below the settlement, he’ll forfeit roughly $23 million in Tether
$0.9944
and USD Coin
$0.9948
, based on a report from Law360 on March 19.
The plea deal contains Andriunin admitting guilt to a few costs associated to conspiracy to commit wire fraud and market manipulation. A signed letter from March 19 outlines these costs, confirming his acknowledgment of wrongdoing.
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Within the settlement, Andriunin additionally accepts that forfeiting the funds doesn’t clear some other penalties or money owed he could owe to the US authorities. This contains fines, restitution, or some other monetary obligations that might come up from the case.
A letter from the US Legal professional for the District of Massachusetts, Leah Foley, additional clarifies that this deal solely applies to Andriunin and the prosecutors concerned. It doesn’t stop different federal, state, or native authorities from taking motion towards him.
Moreover, the letter states that the court docket just isn’t required to observe the sentencing suggestions set within the plea deal. Andriunin will be unable to withdraw his responsible plea if the ultimate sentence differs from his expectations.
In line with a February 26 assertion from the US Legal professional, Andriunin was arrested in Portugal on October 8, 2024, and extradited to the USA on February 25, 2025. What precisely did he do? Learn the complete story.
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