Hamster Kombat ($HMSTR)
Price: 0.004066
Change: +5.88%
In a significant turn of events, Gotbit Hedge Fund, a key market maker for Hamster Kombat ($HMSTR), is now under intense scrutiny following the arrest of Gotbit CEO Alexey Andryunin in Portugal. Acting on a request from the FBI, Andryunin is awaiting extradition to the U.S. to face serious charges. The aftermath of this arrest has seen a sharp 12% drop in $HMSTRâs price over the past 24 hours, sparking concerns among investors.
The U.S. Department of Justice has charged 16 companies and several individuals, including Gotbit, ZM Quant, and CLS Global, in connection with a major cryptocurrency fraud operation. The investigation has already resulted in four arrests, six plea agreements, and the seizure of over $30 million in digital assets. These developments are part of a broader crackdown on illegal practices in the crypto market.
The FBI, using a covert Ethereum-based token known as NexFundAI, launched an investigation into market manipulation. By posing as a legitimate project, they were able to expose how market makers used deceptive tactics like âwash tradingâ â artificially inflating trading volumes through multiple wallets. This method of manipulation has serious legal consequences, and those found guilty could face up to 25 years in prison for these fraudulent activities.
This unfolding case serves as a stark reminder of the inherent risks in the crypto industry and highlights the severe penalties for those engaging in unlawful actions.
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