Aleksei Andriunin, founder of crypto firm Gotbit, has pleaded guilty to market manipulation and wire fraud in a U.S. court.

Gotbit used wash trading to artificially inflate token volumes, helping clients list on major exchanges.

He now faces up to two years in prison, with sentencing set for June 16.

A reminder that transparency and trust are crucial in crypto, and shortcuts can carry serious consequences.

#washtrading