News COINTELEGRAPH IN YOUR SOCIAL FEEDsaid on Feb. 26.

It comes as Andriunin and Gotbit directors Fedor Kedrov and Qawi Jalili were indicted by a federal grand jury on Oct. 31. 

Gotbit and Andriunin were among several entities and individuals that allegedly fell for the US Federal Bureau of Investigation’s NexFundAI (NEXF) “trap token” in May — which was created to catch fraudsters engaged in market manipulation.

Gotbit allegedly carried out market maker services by implementing software that facilitated wash trading to artificially inflate trading volumes for its clients looking to secure crypto token listings on market aggregators like CoinMarketCap and trading on exchanges.

Source: Cointelegraph

Kedrov and Jalili were accused of marketing these wash trading tactics to prospective clients, and authorities said they

Keep reading this article on Cointelegraph.com.

Leave a Reply