Crypto market maker Gotbit and founder sentenced for fraud, manipulation

Editor’s Note: This isn’t just another crypto scandal—it’s a concrete example of regulators cracking down on market manipulation in an industry still plagued by sketchy behavior. When big players like Gotbit get caught gaming the system, it erodes trust in crypto markets, which are already under scrutiny. The relatively light sentence (just eight months) might raise eyebrows, but it signals that authorities are at least paying attention. For everyday investors, it’s a reminder to stay skeptical of inflated trading volumes and too-good-to-be-true market activity.