- SEC sues Geosyn Mining and co-founders for misappropriated finances 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 upward thrust from the present $0.0171 to $0.018.
The Securities and Exchange Commission (SEC) has filed fees in opposition to 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.
Meanwhile, Bitbot, a non-custodial Telegram buying and selling bot, is at the verge of hitting $3 million in its presale.
Let’s delve into the main points of those tendencies.
SEC’s fees in opposition to Geosyn Mining and its co-founders
According to the SEC’s complaint, filed in a federal court docket in Texas, Geosyn raised roughly $5.6 million from over 60 buyers between November 2021 and December 2022.
According to the U.S. SEC, the corporate allegedly misled buyers through falsely claiming to buy, care for, and function crypto mining machines, promising to distribute mined property, corresponding to Bitcoin, to buyers for a price. The SEC alleges that Geosyn made false claims about its contracts with electrical energy suppliers, did not divulge that it by no means bought some mining machines, and didn’t give you the products and services 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 pastime, and civil consequences in opposition to Ward and McNutt.
Bitbot: a Telegram bot revolutionizing crypto buying and selling
While the U.S. SEC is going after Geosyn Mining LLC, Bitbot, an leading edge non-custodial Telegram buying and selling bot that targets to democratize crypto buying and selling is making waves with its token presale.
Besides its token presale, Bitbot gives customers institutional-grade equipment in a protected and easy-to-use bundle, permitting them to industry at once from Telegram whilst keeping up keep an eye on in their property. It integrates with self-custodial wallets, making sure customers retain entire keep an eye on over their keys and property.
The platform employs KnightSafe, a decentralized safety device, to safeguard buying and selling actions. It supplies a spread of buying and selling equipment, together with computerized sniping, prohibit orders, replica buying and selling, and yield optimization, out there to customers of all buying and selling enjoy ranges.
Bitbot presale nears $3 million
In fresh tendencies, Bitbot’s presale is impulsively coming near the $3 million mark. The presale, which gives buyers the chance to obtain $BITBOT tokens, Bitbot’s local application coin, has garnered important pastime from the crypto neighborhood elevating a complete of $2,900,178 by the point of writing.
Investors should purchase the $BITBOT token on the present worth of $0.0171 in line with token sooner than the worth will increase to $0.018 within the subsequent level.
Investors can take part within the presale through uploading or developing a wise contract pockets at once by means of Telegram and as soon as the presale duration concludes, buyers can declare their $BITBOT tokens by means of Bitbot’s reputable site.
$BITBOT token holders stand to take pleasure in earnings sharing, unique presale get admission to, distinctive perks, a say in Bitbot’s strategic course thru governance, and extra.
Conclusion
SEC’s prison motion in opposition to Geosyn Mining highlights the significance of regulatory compliance within the crypto trade, whilst Bitbot’s presale luck underscores the rising call for for leading edge buying and selling answers within the crypto marketplace.
As Bitbot continues to revolutionize crypto buying and selling, buyers eagerly wait for the platform’s long term tendencies and growth.