The Justice Department (DOJ) announced on March 27 that it was seeking to recover roughly $23 million in crypto assets after crypto financial service firm Gotbit and its CEO and founder, Aleksei Andriunin, pleaded guilty to financial misconduct.

Other players in the crypto space, such as Canaan Inc. (NASDAQ: CAN) are likely to applaud the efforts being made by the authorities to hold to account bad players that could smear the reputation of the…

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