Celsius

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ZachXBT

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 <p class="is-style-lead">Popular blockchain <a rel="dofollow" title="investigator" href="https://thebittimes.com/tag/investigator.html">investigator</a> says the firm’s leaked report shows “highly questionable <a rel="dofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a>.”</p> 
 <p>Blockchain sleuth ZachXBT called out Gotbit, a crypto market maker, for offering dubious <a rel="dofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> as the list of the firm’s <a rel="dofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> became public. In an X post on Sunday, Sept. 24, ZachXBT posted a screenshot of Gotbit’s <a rel="dofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a>, which the firm is ready to offer to its clients.</p> 
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    <p lang="en" dir="ltr">I would be weary of any projects you see working with the market maker @gotbit_io as a leaked report shows highly questionable <a rel="dofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> offered.<br><br>Gotbit claims:<br><br>“During the first minutes in the price discovery stage we are going to push the price up to 10x to create FOMO and… pic.twitter.com/ndvrNlG3VW</p>— ZachXBT (@zachxbt) September 24, 2023
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 <p>According to the leak, Gotbit is capable of pumping a token’s price “to create FOMO [fear of missing out]” in order to reach “extreme Xs and sell maximum tokens on the subsequent spike.” Gotbit claims its clients have been successfully listed on OKX, Bybit, and KuCoin.</p> 
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   Allegedly Gotbit’s leaked report | Source: X
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 <p>Crypto.news couldn’t verify the authenticity of the report. As of press time, Gotbit made no public statements on social media regarding the matter.</p> 
 <p>Gotbit has been on the market for a while now. According to Crunchbase, the market maker was co-founded in 2017 by Alex Andryunin and Iuliia Milianovich. The firm’s description says Gotbit “provides a platform-based solution, bringing back control of the markets to the founders of the project.”</p> 
 <p>In July 2019, Andryunin admitted his business “is not entirely ethical.” At the time, Andryunin said Gotbit would wind down its market-making business, citing difficulties posed by a strict customer identification processes.</p> 
 <p>As of press time, Gotbit’s official website, in the “our friends” section, lists multiple well-known crypto exchanges and venture firms such as Binance, OKX, Crypto.com, a16z, Gate.io, Bybit, Enjin, and others. However, it’s unclear if these companies have any ties to the Lisbon-based market maker.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Former Celsius executive pleads guilty to price manipulation charges 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/blockchain-investigator-zachxbt-slams-gotbit-over-controversial-services-tbt63883.html">https://thebittimes.com/blockchain-investigator-zachxbt-slams-gotbit-over-controversial-services-tbt63883.html</a></p>

Blockchain investigator ZachXBT slams Gotbit over controversial services

TheBitTimes

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