The founder of the Russian crypto firm Gotbit has avoided a new prison sentence in the USA
Alexey Andryunin, CEO of the market-making company Gotbit, pleaded guilty to manipulating the cryptocurrency market and fraud. The prosecution insisted on 15 months of imprisonment, but the court counted the already served 8 months in a Portuguese prison — and released him.
Now Andryunin is subject to deportation, and Gotbit is required to return $23 million in cryptocurrencies.
Before the arrest, the company was considered one of the largest market makers in the industry.
