Cryptocurrency firm founder extradited from Portugal to face US fraud charges
Source: Reuters
Cryptocurrency firm founder extradited from Portugal to face US fraud charges
Nate Raymond
Wed, February 26, 2025 at 2:08 PM EST 2 min read
BOSTON (Reuters) - The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies.
Aleksei Andriunin, the CEO of cryptocurrency "market maker" Gotbit, was ordered detained following an appearance in Boston federal court on Wednesday, one day after his extradition.
Andriunin, 26, was indicted in October on charges of wire fraud and conspiracy to commit market manipulation and wire fraud.
He and his company were among 15 individuals and three firms charged following a novel investigation into the crypto sector dubbed "Operation Token Mirrors," in which the FBI for the first time directed the creation of its own digital token to help bait and catch fraudsters in the market.
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Read more: https://www.yahoo.com/news/cryptocurrency-firm-founder-extradited-portugal-190852031.html
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