• The SEC charged Geosyn Mining and its co-founders with misappropriation of funds and deceptive buyers.
• Bitbot revolutionizes cryptocurrency buying and selling with a non-custodial Telegram bot.
• The $BITBOT pre-sale is approaching the $3 million pre-sale and the token is predicted to rise from the present $0.0171 to $0.018.

The Securities and Alternate Fee (SEC) expenses Bitcoin mining firm Geosyn Mining, LLC and its co-founders Caleb Joseph Ward and Jeremy George McNutt with allegedly defrauding buyers of $5.6 million. did.

In the meantime, Bitbot, a non-custodial Telegram buying and selling bot, is on observe to succeed in $3 million in pre-sale.

Let's take a better take a look at the small print of those developments.

SEC expenses towards Geosyn Mining and its co-founders

In accordance with an SEC grievance filed in federal courtroom in Texas, Geosyn raised roughly $5.6 million from greater than 60 buyers between November 2021 and December 2022.

In accordance with the US SEC, the corporate is suspected of deceptive buyers by falsely claiming to buy, preserve, and function digital foreign money mining machines and promising to distribute mining property akin to Bitcoin to buyers for a price. . The SEC alleges that Geosyn made false claims concerning contracts with energy firms, did not disclose that it had by no means bought some mining machines, and failed to supply companies as promised.

As well as, Ward and McNutt are accused of personally misappropriating roughly $1.2 million.

The SEC is looking for a everlasting injunction, disgorgement with prejudgment advantages, and civil penalties towards Ward and McNutt.

Bitbot: Telegram bot revolutionizing crypto buying and selling

Whereas the US SEC pursues Geosyn Mining LLC, Bitbot, an modern non-custodial Telegram buying and selling bot aiming to democratize crypto buying and selling, is making waves with its token pre-sale.

Along with pre-selling tokens, Bitbot offers customers with institutional-grade instruments in a safe and easy-to-use package deal, permitting them to commerce instantly from Telegram whereas sustaining management of their property. It’s built-in with a self-custodial pockets, giving customers full management over their keys and property.

The platform employs KnightSafe, a decentralized safety system, to safe your buying and selling actions. It gives a variety of buying and selling instruments which might be accessible to customers of all buying and selling expertise ranges, together with computerized sniping, restrict orders, copy buying and selling, and yield optimization.

Bitbot presale approaches $3 million

In latest developments, Bitbot's presale is quickly approaching the $3 million mark. The pre-sale, which gives buyers the chance to amass $BITBOT tokens, Bitbot's native utility coin, has garnered important curiosity from the cryptocurrency neighborhood and has raised a complete of $2,900,178 on the time of writing.

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

Traders can take part within the presale by instantly importing or creating a wise contract pockets by way of Telegram, and as soon as the presale interval ends, buyers can declare $BITBOT tokens from Bitbot's official web site.

$BITBOT token holders will profit from income sharing, unique pre-sale entry, distinctive perks, a voice in Bitbot's strategic route by means of governance, and extra.

conclusion

The SEC's authorized motion towards Geosyn Mining highlights the significance of regulatory compliance within the crypto business, whereas Bitbot's profitable presale highlights the rising demand for modern buying and selling options within the crypto market. ing.

As Bitbot continues to revolutionize cryptocurrency buying and selling, buyers are eagerly anticipating the platform's future growth and enlargement.