According to online reports, Gotbit founder and CEO Aleksei Andriunin was sentenced to eight months in prison by the U.S. District Court of Massachusetts on Friday for manipulating the crypto market and carrying out multimillion-dollar laundering transactions. He was sentenced to a one-year regulatory release after serving his sentence. Prosecutors pointed out that Andriunin and Gotbit's team provided false transaction volume manufacturing services for multiple encryption projects from 2018 to 2024, falsifying online activity through code and multi-account operations, helping projects board CoinMarketCap and attracting large exchanges to go online. Gotbit received tens of millions of dollars in compensation as a result. In addition, Gotbit was also sentenced to five years 'probation, during which time it was not allowed to continue operating related businesses. Prosecutors said Andriunin was arrested in Portugal in October 2024, extradited to the United States in February 2025, and signed a plea agreement in March this year.