On October 16, 2024, Gotbit, a prominent hedge fund in the crypto space, announced on X platform that its CEO, Alex Andryunin, had been arrested in Portugal.
While further details about the Gotbit case are not yet available, the company reassured its clients that their accounts remain secure. Gotbit also expressed its commitment to proving its innocence and that of its CEO while fully cooperating with authorities to resolve the situation.
Gotbit’s Announcement and Reassurance
Gotbit used its official X account to inform the public about the unexpected arrest of its CEO, Alex Andryunin, in Portugal.
Although the details surrounding the arrest are currently limited, Gotbit has made it clear that the company is taking steps to ensure that the matter is resolved quickly and fairly. The company stressed that user accounts are safe, and its operations remain unaffected by this development. This announcement aims to reassure clients and stakeholders amid the ongoing investigation
Cooperating with Authorities
In the official statement, Gotbit stressed its willingness to cooperate with authorities. The company has committed to providing all the necessary documentation and support required to clarify any misunderstandings and prove the innocence of both the CEO and the company itself. The message shows Gotbit’s open approach, aiming for a quick resolution while keeping the public updated as more information comes out.
Background of the Arrest
According to reports, the arrest of Gotbit’s CEO is linked to allegations of market manipulation by the U.S. Department of Justice (DOJ). The DOJ made the announcement on October 10, 2024, accusing Andryunin and a few associates of being involved in manipulating the crypto markets. This came as unexpected, especially since the company had been an important player in the industry, offering market making and strategic support to various projects.
Gotbit’s Relationship with Neiro
One of the projects that the company has been closely associated with is Neiro. It has provided market making services and strategic advice to Neiro, which was listed on Binance in September 2024. However, eventhough Its role in supporting Neiro, the project was not mentioned in the DOJ’s allegation. This raised questions about the potential impact of the CEO’s arrest on Neiro’s future, but right now, no direct implications have been reported. Neiro remains unaffected, and its Binance listing stands.
Impact on Neiro and Binance
Neiro, a rising project in the crypto network, had gained attention with its Binance listing in mid-September.It played a role in helping Neiro manage the crypto market, but the arrest of CEO has not influenced Neiro’s position on Binance. At this stage, the company has not commented on the long term implications of its CEO’s arrest on its ongoing partnerships and services.
Gotbit’s Focus on Resolution
It’s top priority is to clear its name and that of its CEO. The company is committed to working with the legal authorities and has reiterated its determination to provide all necessary documents to resolve the investigation. As the situation unfolds, The company’s plans to keep its users and partners updated with further developments, showing a transparent and cooperative stance.
As Gotbit finds itself in a challenging position following the arrest of its CEO, Alex Andryunin, for suspected market manipulation. Even with this, the company remains confident in proving itself and is ready to cooperate with authorities to resolve the issue quickly. Clients of the company can rest assured that their accounts are secure, and the company continues to function as normal.
