Russian Gotbit founder strikes $23M plea deal with US prosecutors

Aleksei Andriunin, a Russian national charged with manipulating cryptocurrency through the Gotbit market maker platform, has reportedly struck a plea deal with prosecutors in the United States.Gotbit founder and CEO Andriunin has agreed to forfeit about $23 million in Tether USDt (USDT) and Circle’s USDC (USDC) in a plea deal with Massachusetts federal prosecutors, the legal news service Law360 reported on March 19.As part of the plea, Andriunin will plead guilty to three counts charging conspiracy to commit wire fraud and market manipulation, according to the letter signed by the defendant on March 19.An excerpt from letters in the Gotbix founder case related to the $23 million forfeiture as part of the plea with Massachusetts prosecutors: Law360 “Defendant understands and agrees that forfeiture shall not satisfy or affect any fine, lien, penalty, restitution, cost of imprisonment, tax liability or any other debt owed to the United States,” the letter reads.The agreement doesn’t bind the US Attorney GeneralIn the letter to the defendant, the US Attorney for the District of Massachusetts, Leah Foley, stressed that the agreement to forfeit $23 million is only between Andriunin and the attorney.“It does not bind the Attorney General of the United States or any other federal, state, or local prosecuting authorities,” the letter reads.The letter also states that the defendant understands that the court is not required to follow proposed sentencing calculations within the guidelines from the Massachusetts attorney.An excerpt from legal letters in the Gotbix founder case related to sentencing guidelines with Massachusetts prosecutors: Law360 “Defendant may not withdraw defendant’s guilty plea if defendant disagrees with how the court calculates the guidelines or with the sentence the court imposes,” attorney Foley wrote.Andriunin was extradited to the US in October 2025Gotbit founder’s deal with Massachusetts prosecutors came months after Andriunin was extradited to the US in October 2024 after being arrested by Portuguese authorities.Since extradition, Andriunin has appeared in a federal court in Boston, Massachusetts, where he was ordered to remain detained until further notice.Andriunin, 26, was charged with wire fraud and conspiracy to commit market manipulation and wire fraud in a superseding indictment in October 2024.Source: Alex Andriunin According to Massachusetts court documents, Gotbit was a crypto “market maker” that orchestrated a “widespread cryptocurrency market manipulation scheme.” The platform was registered in Belize and was said to provide artificial trading volume for global firms, including those in the US, between 2017 and 2024.Related: Telegram founder Pavel Durov given permission to leave FranceApart from Andriunin, the criminal complaint from Massachusetts authorities in September 2024 also involved other Gotbit employees, such as marketing director Fedor Kedrov and sales director Qawi Jalili, both living in Russia.In the plea letter, Massachusetts attorney Foley mentioned that the assets listed in the forfeiture section of the Gotbit plea agreement are solely controlled by the defendant on Gotbit’s behalf despite these assets belonging to Gotbit.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plungeWeiter zum vollständigen Artikel bei Cointelegraph Weiter zum vollständigen Artikel bei Cointelegraph