SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

• SEC sues Geosyn Mining and co-founders for misappropriated funds and deceptive buyers.
• Bitbot revolutionizes crypto buying and selling with a non-custodial Telegram bot.
• The $BITBOT presale nears $3M presale with the token poised to rise from the present $0.0171 to $0.018.

The Securities and Alternate Fee (SEC) has filed fees towards Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding buyers out of $5.6 million.

In the meantime, Bitbot, a non-custodial Telegram buying and selling bot, is on the verge of hitting $3 million in its presale.

Let’s delve into the small print of those developments.

SEC’s fees towards Geosyn Mining and its co-founders

In accordance with the SEC’s grievance, filed in a federal court docket in Texas, Geosyn raised roughly $5.6 million from over 60 buyers between November 2021 and December 2022.

In accordance with the U.S. SEC, the corporate allegedly misled buyers by falsely claiming to buy, preserve, and function crypto mining machines, promising to distribute mined property, comparable to Bitcoin, to buyers for a price. The SEC alleges that Geosyn made false claims about its contracts with electrical energy suppliers, did not disclose that it by no means bought some mining machines, and didn’t present the companies as promised.

Furthermore, Ward and McNutt are accused of misappropriating about $1.2 million for private use.

The SEC seeks everlasting injunctions, disgorgement with prejudgment curiosity, and civil penalties towards Ward and McNutt.

Bitbot: a Telegram bot revolutionizing crypto buying and selling

Whereas the U.S. SEC goes after Geosyn Mining LLC,  Bitbot, an revolutionary non-custodial Telegram buying and selling bot that goals to democratize crypto buying and selling is making waves with its token presale.

In addition to its token presale, Bitbot provides customers institutional-grade instruments in a safe and easy-to-use bundle, permitting them to commerce straight from Telegram whereas sustaining management of their property. It integrates with self-custodial wallets, making certain customers retain full management over their keys and property.

The platform employs KnightSafe, a decentralized safety system, to safeguard buying and selling actions. It gives a spread of buying and selling instruments, together with automated sniping, restrict orders, copy buying and selling, and yield optimization, accessible to customers of all buying and selling expertise ranges.

Bitbot presale nears $3 million

In current developments, Bitbot’s presale is quickly approaching the $3 million mark. The presale, which provides buyers the chance to amass $BITBOT tokens, Bitbot’s native utility coin, has garnered vital curiosity from the crypto group elevating a complete of $2,900,178 by the point of writing.

Buyers should purchase the $BITBOT token on the present worth of $0.0171 per token earlier than the value will increase to $0.018 within the subsequent stage.

Buyers can take part within the presale by importing or creating a wise contract pockets straight through Telegram and as soon as the presale interval concludes, buyers can declare their $BITBOT tokens through Bitbot’s official web site.

$BITBOT token holders stand to profit from income sharing, unique presale entry, distinctive perks, a say in Bitbot’s strategic route via governance, and extra.

Conclusion

SEC’s authorized motion towards Geosyn Mining highlights the significance of regulatory compliance within the crypto trade, whereas Bitbot’s presale success underscores the rising demand for revolutionary buying and selling options within the crypto market.

As Bitbot continues to revolutionize crypto buying and selling, buyers eagerly anticipate the platform’s future developments and growth.