Construction still in progress in Belem as Brazil readies to host COP30
Heads of state are due to start arriving in the Amazonian city of Belém in a month’s time for the United Nations climate summit, yet much of the in...
Aleksei Andriunin, the 26-year-old founder and CEO of cryptocurrency market maker Gotbit, pleaded guilty in federal court in Boston on Friday to charges related to market manipulation and wire fraud.
Andriunin admitted his role in a scheme that manipulated digital token markets on behalf of client companies, part of a broader crackdown on fraudulent activities in the crypto sector.
According to the plea agreement, Andriunin and his firm engaged in "wash trading" from 2018 to 2024—an illicit practice involving the artificial inflation of trading volumes to boost token listings on major cryptocurrency exchanges. The indictment referenced a 2019 online interview in which Andriunin described creating code specifically designed to execute such trades, helping several tokens, including Saitama and Robo Inu, garner increased market attention. Prosecutors asserted that Gotbit generated millions of dollars in wash trades, earning tens of millions of dollars in proceeds for its services.
The guilty plea comes as part of "Operation Token Mirrors," a novel investigation in which the FBI, for the first time, engineered its own digital token to expose crypto fraudsters. Andriunin was extradited from Portugal, where he had been residing since his arrest in October, and his case is one of 15 individual and three firm charges brought forward under the operation.
As part of his plea deal, prosecutors have recommended that Andriunin face up to two years in prison when he is sentenced on June 16. Additionally, Gotbit has agreed to forfeit approximately $23 million in cryptocurrency. Andriunin's lawyer declined to comment on the case.
The case underscores ongoing regulatory and law enforcement efforts to bring greater transparency and accountability to the burgeoning cryptocurrency market, which has long been plagued by allegations of manipulation and fraud. As investigations continue, several individuals linked to the implicated cryptocurrencies are also facing charges, highlighting the wide-reaching impact of these illicit practices in the digital finance arena.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Heads of state are due to start arriving in the Amazonian city of Belém in a month’s time for the United Nations climate summit, yet much of the infrastructure intended to welcome them remains incomplete.
The Syrian army and the U.S.-backed Syrian Democratic Forces (SDF) reached a ceasefire deal in two districts of Aleppo city, Syria's state news agency SANA reported on Tuesday, following a spike in tensions between the two sides.
Brazilian President Luiz Inacio Lula da Silva and U.S. President Donald Trump agreed to meet in person following a friendly video call on Monday, raising hopes of improving relations strained by tariffs and political disputes.
Clashes have broken out in the northern Syrian city of Aleppo after Kurdish YPG militants allegedly violated a ceasefire agreement and attacked Syrian forces and civilians.
North Korean leader Kim Jong Un has pledged to further strengthen his country’s alliance with Russia, in a letter to President Vladimir Putin marking his birthday and praising his leadership.
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