<ul><li>Aleksei Andriunin, founder of cryptocurrency firm Gotbit, has pleaded guilty to conspiracy to manipulate crypto token prices as part of a plea deal with US prosecutors.</li><li>Andriunin faces charges for wire fraud, market manipulation, and conspiracy, which carry a maximum sentence of 25 years in prison.</li><li>As part of the plea deal, Andriunin will likely spend up to two years in prison and forfeit approximately $23 million in crypto stablecoins.</li><li>The arrest of Andriunin is part of a wider investigation led by the FBI, resulting in charges against 15 individuals and three companies.</li></ul>

Gotbit Founder Pleads Guilty To Crypto Manipulation

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