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BTCC / BTCC Square / Global Cryptocurrency /
Gotbit Crypto News: $23M Scam Busted, CEO Jailed, Firm Shut

Gotbit Crypto News: $23M Scam Busted, CEO Jailed, Firm Shut

Author:
Global Cryptocurrency
Published:
2025-06-13 21:42:02
11
2

The cryptocurrency industry faces another stark reminder of its vulnerabilities as Gotbit Consulting LLC, a prominent market maker, collapses under the weight of a $23 million fraud scandal. The firm''s CEO has been sentenced to prison, marking a significant enforcement action in an increasingly regulated sector.

Authorities shuttered the company following a thorough investigation, sending shockwaves through crypto circles. This case underscores the persistent risks of malfeasance in digital asset markets, even as institutional adoption accelerates globally.

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