Gotbit CEO Alex Andryunin arrested in Portugal

Market maker Gotbit Hedge Fund announced via X that its CEO, Alex Andryunin, has been arrested in Portugal. The company emphasized that user accounts remain secure and pledged to prove both the company's and Andryunin's innocence. Gotbit pledged full cooperation with authorities, promising to provide necessary documents and keep users updated as the situation develops. Previously, the U.S. Department of Justice (DoJ) indicted Andryunin and two of Gotbit's directors on charges of cryptocurrency fraud and market manipulation.