[Gotbit founder extradited to the United States for alleged manipulation of the cryptocurrency market] Golden Finance reported that Gotbit founder and CEO, Russian citizen Aleksei Andriunin, has been extradited to the United States on suspicion of "manipulating the cryptocurrency market on behalf of client cryptocurrency companies." The Massachusetts Attorney's Office said Andriunin appeared in court on Wednesday and was indicted by a federal grand jury on charges of "wire fraud and conspiracy to manipulate the market and wire fraud." Andriunin was arrested in Portugal in October last year. Prosecutors accused him of creating a false impression of active trading and raising the price of specific tokens by creating a cryptocurrency company, falsely promoting tokens and conducting wash trading. In addition, companies such as ZM Quant, CLS Global and MyTrade are also involved. Prosecutors said that Andriunin admitted in an interview in 2019 that he had developed code for "wash trading" to artificially increase trading volume so that tokens could be listed on CoinMarketCap and traded on large exchanges. If convicted of wire fraud, Andriunin "may be sentenced to up to 20 years in prison, up to three years of supervised release, a fine of up to $250,000 or twice the gross gain or loss from the crime, and restitution and forfeiture."