- SEC sues Geosyn Mining and co-founders for misappropriated funds and deceptive traders.
- 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 Exchange Commission (SEC) has filed costs towards Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding traders out of $5.6 million.
Meanwhile, 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 costs towards Geosyn Mining and its co-founders
According to the SEC’s complaint, filed in a federal courtroom in Texas, Geosyn raised roughly $5.6 million from over 60 traders between November 2021 and December 2022.
According to the U.S. SEC, the corporate allegedly misled traders by falsely claiming to buy, keep, and function crypto mining machines, promising to distribute mined property, corresponding to Bitcoin, to traders for a price. The SEC alleges that Geosyn made false claims about its contracts with electrical energy suppliers, didn’t disclose that it by no means bought some mining machines, and didn’t present the providers as promised.
Moreover, 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
While the U.S. SEC goes after Geosyn Mining LLC, Bitbot, an progressive non-custodial Telegram buying and selling bot that goals to democratize crypto buying and selling is making waves with its token presale.
Besides its token presale, Bitbot affords customers institutional-grade instruments in a safe and easy-to-use package deal, permitting them to commerce immediately from Telegram whereas sustaining management of their property. It integrates with self-custodial wallets, guaranteeing customers retain full management over their keys and property.
The platform employs KnightSafe, a decentralized safety system, to safeguard buying and selling actions. It offers a variety 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 affords traders the chance to accumulate $BITBOT tokens, Bitbot’s native utility coin, has garnered important curiosity from the crypto group elevating a complete of $2,900,178 by the point of writing.
Investors can buy the $BITBOT token on the present value of $0.0171 per token earlier than the worth will increase to $0.018 within the subsequent stage.
Investors can take part within the presale by importing or creating a wise contract pockets immediately by way of Telegram and as soon as the presale interval concludes, traders can declare their $BITBOT tokens by way of 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 path by means of governance, and extra.
Conclusion
SEC’s authorized motion towards Geosyn Mining highlights the significance of regulatory compliance within the crypto business, whereas Bitbot’s presale success underscores the rising demand for progressive buying and selling options within the crypto market.
As Bitbot continues to revolutionize crypto buying and selling, traders eagerly anticipate the platform’s future developments and growth.
