Gotbit Founder Forfeits $23M in Crypto Market Manipulation Plea Deal
The Gotbit founder's plea agreement could result in no prison time and no additional fines beyond the forfeiture, pending court approval.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Circle renews Coinbase deal creating two ways to challenge Coinbase’s USDC payouts, but neither works quickly
Circle's renewed agreement with Coinbase preserves the existing economics around USDC for another three-year term and, starting Au...
This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal
Cypherpunk Technologies acquired roughly 18% of Zcash’s mining power in a $33.33 million equity deal that could dilute shareholder...
Can tokenized assets continue to scale faster than the revenue models behind them?
Securitize closed its first quarter as a public company with average tokenized assets under management hitting a record $4.3 billi...
Metaplanet’s US Bitcoin treasury bet could unlock up to $3.4 billion, but there’s a catch
Metaplanet is set to take near-total control of Nasdaq-listed Super League Enterprise with a $134.6 million investment, while most...
CFTC resolves enforcement actions against former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang
The resolution underscores heightened regulatory scrutiny in crypto, signaling potential for stricter enforcement and increased ac...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...