Gotbit CEO Alexey Andryunin was arrested in Portugal at the FBI's request and is now waiting to be sent to the U.S. to face charges. Gotbit Hedge Fund, a market maker for the Hamster Kombat ($HMSTR) token, is under investigation. After the arrest, $HMSTR's price dropped by 12% in the past 24 hours, worrying investors.The U.S. Department of Justice has accused 16 companies and several individuals of being involved in a cryptocurrency fraud scheme, including Gotbit, ZM Quant, and CLS Global. So far, the investigation has led to four arrests, six plea deals, and the seizure of over $30 million in cryptocurrency.The FBI, using its own Ethereum-based token called NexFundAI, investigated fraudulent practices in the market. They approached market makers under a fake project and uncovered how these firms manipulated trading volumes and markets by using multiple wallets and artificial transactions, a tactic known as "wash trading."These actions have led to serious charges against those involved. If found guilty, they could face up to 25 years in prison for market manipulation. This case is a reminder of the risks in the crypto space and the consequences of participating in illegal activities.Stay informed and cautious!#hamsterkombat24 #HAMMY #hamsterkombat24 #Hamstercombo #HamsterKombat
