TechFlow News, April 1 — According to a Cointelegraph report, U.S. prosecutors have filed charges against 10 foreign nationals linked to four cryptocurrency market makers. Three executives have been extradited from Singapore to the United States and appeared in federal court in Oakland, California, this Monday. The three defendants appearing in court are Gleb Gora, CEO of Vortex; Manu Singh, CEO of Contrarian; and Vasu Sharma, an employee of Contrarian. They were arrested in Singapore in October 2025 and subsequently extradited to the U.S.
The implicated firms include Gotbit, Vortex, Antier, and Contrarian, with the alleged misconduct dating back to 2018. The U.S. Department of Justice (DOJ) accuses these companies of manufacturing artificial trading volume through wash trades, matched orders, and pre-arranged transactions—artificially inflating token prices and creating a false impression of liquidity, thereby luring retail investors into the market ahead of insider sell-offs.
