Days after the U.S. government announced unprecedented criminal and civil charges against four crypto companies for alleged market manipulation and “wash trading,” meme coin projects dependent on those same firms have begun attempting to distance themselves from the fallout. 

In particular, token teams that partnered with one of the implicated companies, the market maker Gotbit, have started issuing statements vigorously disavowing the firm they depended on for liquidity.

“We have halted our relationship with Gotbit, who were our market maker partners,” the Ethereum meme coin project Neiro posted on Twitter Friday. “None of the issues involving Gotbit or its employees involve or are relevant to Neiro in any capacity.”

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Author: Sander Lutz