SEC Sues Bitcoin Miner Geosyn Mining for Fraud; Bitbot Presale Nears $3 Million – CoinJournal

• The SEC sued Geosyn Mining and co-founders for misappropriating funds and deceptive traders.
• Bitbot has revolutionized crypto buying and selling with its non-custodial Telegram bot.
• The $BITBOT presale is near the $3M presale and the token is poised to rise from the present $0.0171 to $0.018.

The Securities and Change Fee (SEC) has filed prices in opposition to Bitcoin miner Geosyn Mining, LLC and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding traders of $5.6 million.

Throughout this, bitbotA non-custodial Telegram buying and selling bot is on the verge of reaching $3 million in its presale.

Tell us about these developments intimately.

SEC prices in opposition to Geosyn Mining and its co-founders

In line with SEC complaintFiled in a federal courtroom in Texas, Geosyn raised roughly $5.6 million from greater than 60 traders between November 2021 and December 2022.

In line with the US SEC, the corporate allegedly misled traders by promising to ship mining property whereas falsely claiming to buy, preserve and function crypto mining machines. Bitcoin, for a charge to traders. The SEC alleges that Geosyn made false claims about its contracts with electrical energy suppliers, didn’t disclose that it by no means bought sure miners, and didn’t present companies as promised.

Moreover, Ward and McNutt are accused of misappropriating roughly $1.2 million for private use.

The SEC seeks a everlasting injunction, immunity with prejudgment curiosity and civil penalties in opposition to Ward and McNutt.

Bitbot: A Telegram bot that’s revolutionizing crypto buying and selling

Whereas the US SEC is 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.

Along with 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 over their property. It integrates with self-custodial wallets, making certain that customers preserve full management over their keys and property.

The platform employs a decentralized safety system, NightSafe, to guard buying and selling actions. It affords 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 latest developments, bitbot presale Quick approaching the $3 million mark. The presale, which affords traders the chance to amass Bitbot’s native utility coin, the $BITBOT token, has acquired important curiosity from the crypto neighborhood and has raised a complete of $2,900,178 on the time of writing.

Traders should buy $BITBOT tokens on the present value of $0.0171 per token earlier than the value rises to $0.018 within the subsequent leg.

Traders can take part within the presale by importing or creating a sensible contract pockets immediately via Telegram and as soon as the presale interval ends, traders can declare their $BITBOT tokens via Bitbot’s official web site.

$BITBOT token holders will profit from income sharing, unique pre-sale entry, distinctive perks, a task within the strategic course of Bitbot via governance, and rather more.

conclusion

The SEC’s authorized motion in opposition to 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, traders eagerly anticipate the longer term development and enlargement of the platform.