U.S. Department of Justice: Four crypto market-making firms, including Gotbit, face charges against some executives and employees

金色财经_ · 2026-04-01T06:08:20+00:00

The U.S. Department of Justice has charged 10 executives of cryptocurrency market-making firms with allegedly manipulating token trading volume and prices through wash trading. The involved entities include Gotbit, Vortex, and others, with over $1 million in crypto assets seized.

金色财经_

2026-04-01 06:08:20

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Golden Finance reports that on April 1, the U.S. Department of Justice, Northern District of California Prosecutor’s Office, issued a notice stating that 10 executives and employees from four crypto market-making firms were indicted for allegedly artificially inflating token trading volume and price through wash trading. The case involves Gotbit, Vortex, Antier, and Contrarian. Three of the defendants have been extradited from Singapore to the United States, and another two have pleaded guilty and been sentenced. In an undercover operation, the FBI and the IRS Criminal Investigation Division even created multiple crypto tokens themselves to investigate illegal volume-pumping and order-boosting behavior in the industry. More than $1 million in crypto assets have already been seized.

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