tldr; Meme coin projects are distancing themselves from Gotbit after the U.S. government charged the company with market manipulation and wash trading. Projects like Neiro and BMS have severed ties, though Gotbit still controls significant token supplies. The DOJ and SEC accuse Gotbit of inflating token prices through illegal trades. Despite past warnings about Gotbit’s practices, some projects had continued partnerships. The crypto community remains skeptical of these distancing efforts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bear-Bull-Pig on
Gotbit is getting the P Diddy treatment.
partymsl on
Scamming shitcoins that scam people is truly next level.
3 Comments
tldr; Meme coin projects are distancing themselves from Gotbit after the U.S. government charged the company with market manipulation and wash trading. Projects like Neiro and BMS have severed ties, though Gotbit still controls significant token supplies. The DOJ and SEC accuse Gotbit of inflating token prices through illegal trades. Despite past warnings about Gotbit’s practices, some projects had continued partnerships. The crypto community remains skeptical of these distancing efforts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Gotbit is getting the P Diddy treatment.
Scamming shitcoins that scam people is truly next level.