PANews June 13 news, according to The Block, Gotbit founder Aleksei Andriunin was sentenced to 8 months in prison by the federal court in Massachusetts for manipulating the cryptocurrency market through false transactions, along with an additional year of supervised release. Gotbit company was also sentenced to 5 years of probation, during which all operations will be suspended. The prosecution pointed out that Gotbit has been creating false trading volumes for multiple cryptocurrency projects since 2018 to manipulate coin prices and promote listings, with a total trading volume reaching tens of millions of dollars.