Aleksei Andriunin, founder of crypto market maker Gotbit, was sentenced to 8 months in prison and 1 year of supervised release by a U.S. federal court on June 13 for orchestrating millions in wash trading from 2018 to 2024. Gotbit received 5 years’ probation and must cease operations. In March, Andriunin agreed to a $23 million plea deal with the DOJ.