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SEC Charges Individual for Meme Coin Price Manipulation

... tokens Saitama Inu and Robo Inu, as well as the platform ROBO Global. According to the allegations, to create the appearance of demand for Robo Inu, Pham enlisted the help of the company Gotbit, led by Alexey Andryunin. Through fraudulent transactions (wash trading), the trading volumes of the token were artificially inflated, attracting investors. The SEC claims that Pham actively promoted Robo Inu on social media, promising high returns. Gotbit’s head, Alexey Andryunin, was arrested in Portugal ...