The founder of a cryptocurrency financial services firm pleaded guilty on Friday to 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 founder and CEO of cryptocurrency “market maker” Gotbit, and his company entered guilty pleas in federal court in Boston to charges that they conspired to commit market manipulation and committed wire fraud. They were among 15 people and three firms charged following a novel investigation dubbed “Operation Token Mirrors,” in which the FBI for the first time directed the creation of its own digital token to help catch fraudsters in the crypto market.
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