After the market maker Gotbit was sued by the US government, Beercoin and WaterCoin clarified that they had changed market makers and were no longer associated with Gotbit. Beercoin said it had stopped cooperating with it, and WaterCoin said it changed market makers after the launch of WATER because it doubted Gotbit's integrity. However, community users questioned this.
Earlier news, according to Lookonchain monitoring, the US SEC, FBI and Department of Justice sued Gotbit and other crypto companies for suspected fraud and market manipulation. Gotbit previously claimed that they sold WATER to reduce the price to a fair level, but it sold much more tokens than it bought.