Jun. 16 at 2:12 AM
$KNDI Regulators certainly move quicker in crypto "Crypto market maker Gotbit and its founder were sentenced Friday for using wash trading to falsely inflate the trading volume of meme coins on behalf of clients. Massachusetts U.S. District Court Judge Angel Kelley ordered Gotbit Consulting LLC to forfeit
$23 million in seized cryptocurrency, with founder Aleksei Andriunin sentenced to eight months in prison and one year of supervised release. Both were charged in 2024 with market manipulation, wire fraud, and conspiracy..."