SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2026)
Settled
Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.
In August 2026, the SEC announced a proposed settlement of its fraud and market manipulation claims against Gotbit Consulting LLC, an injunction and a bar on participating in securities offerings, and dismissed its claims against employee Fedor Kedrov.
The record
| Agency | SEC |
|---|---|
| Release number | LR-26598 |
| Date filed | 2026-08-03 |
| Date resolved | 2026-08-03 |
| Court | U.S. District Court, District of Massachusetts |
| Status | settled |
| Criminal parallel | Yes: sentenced (Gotbit Consulting LLC (five years' probation, June 2025)), D. Mass. |
| Defendants | Gotbit Consulting LLC a/k/a Gotbit Hedge Fund ; Fedor Kedrov |
| Cited as charged or alleged | Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.9(a)(2) ; Securities Act s.17(a) |
| Techniques | Paid crypto market making , Wash trading |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
The Securities and Exchange Commission announced this matter on August 3, 2026 as release LR-26598. The respondents named are Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (1 individual, 1 entity).
The SEC's 2024 complaint alleged that Gotbit, a self-described crypto market maker, manipulated the market for a crypto asset by self-trading, which the SEC calls wash trading, and by other practices serving no economic purpose, generating artificial volume. Gotbit pleaded guilty to wire fraud and conspiracy in a parallel criminal case and was sentenced to five years' probation in June 2025.
This library tags the matter as paid crypto market making and wash trading, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
The proposed judgment is an injunction and a bar from participating in the issuance, purchase, offer or sale of securities. The proposed judgment orders no money. The SEC had earlier dismissed its claims against Kedrov.
The settlement is proposed and subject to court approval; Gotbit consented without admitting or denying the allegations.
What technique is this, and how does it work?
This action is tagged with 2 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.
- Paid crypto market making — see how it works, what statute it engages, and every other action tagged the same way.
- Wash trading — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2026-08-03 Litigation release published
Primary documents
Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.
- SEC litigation release
- SEC Complaint
- Final Judgment - Gotbit Consulting LLC
- Consent - Gotbit Consulting LLC
- Dismissal - Fedor Kedrov
Same matter
The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.
| Date filed | Agency | Record | Status |
|---|---|---|---|
| 2024-10-09 | SEC | SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2024) | Status unknown |
| 2026-08-03 | SEC | SEC v. Gotbit Consulting LLC a/k/a Gotbit Hedge Fund and Fedor Kedrov (paid crypto market making, 2026) | Settled |
Related actions
Other actions in the library sharing at least one technique tag with this one.