Aleksei Andriunin, founder of the crypto market-making firm Gotbit, has agreed to forfeit approximately $23 million in stablecoins as part of a plea deal with U.S. prosecutors addressing charges of market manipulation and wire fraud. The agreement, pending court approval, may allow Andriunin to avoid prison time and additional fines. Gotbit allegedly engaged in practices like "wash trading" to artificially inflate trading volumes, misleading investors into purchasing cryptocurrencies at inflated prices. Andriunin was extradited to the United States in October 2024 after his arrest in Portugal.