Gotbit's $42m manipulation case could strengthen crypto market resilience:

The recent criminal charges against Aleksei Andriunin, CEO of market-making firm Gotbit, for a $42 million crypto market manipulation scheme have sent shockwaves through the industry, though analysts suggest the eventual outcome might actually be positive for the space.

As crypto.news reported earlier, Andriunin and Gotbit face charges for inflating crypto trading volumes through "wash trading," creating the illusion of active markets before dumping assets at inflated prices. Despite the short-term panic, blockchain analytics Santiment points to historical trends indicating that such fear-driven sell-offs often create buying opportunities for more experienced traders.