SEC files a claim against Bitcoin miner Geosyn Mining for scams; Bitbot presale nears $3M

SEC files a claim against Geosyn Mining and founders for abused funds and deceptive financiers.
Bitbot reinvents crypto trading with a non-custodial Telegram crawler.
The $BITBOT presale nears $3M presale with the token positioned to climb from the present $0.0171 to $0.018.

The Stocks and Exchange Payment (SEC) has actually submitted costs versus Bitcoin miner Geosyn Mining, LLC, and its founders, Caleb Joseph Ward and Jeremy George McNutt, for purportedly ripping off financiers out of $5.6 million.

On The Other Hand, Bitbot, a non-custodial Telegram trading crawler, gets on the brink of striking $3 million in its presale.

Allow’s explore the information of these advancements.

SEC’s costs versus Geosyn Mining and its founders

According to the SEC’s grievance, submitted in a government court in Texas, Geosyn elevated about $5.6 million from over 60 financiers in between November 2021 and December 2022.

According to the United State SEC, the firm purportedly misinformed financiers by wrongly declaring to acquire, keep, and run crypto mining devices, assuring to disperse extracted possessions, such as Bitcoin, to financiers for a charge. The SEC declares that Geosyn made incorrect insurance claims regarding its agreements with electrical energy companies, fell short to divulge that it never ever acquired some mining devices, and did not give the solutions as assured.

Furthermore, Ward and McNutt are implicated of misusing regarding $1.2 million for individual usage.

The SEC looks for long-term orders, disgorgement with prejudgment rate of interest, and civil fines versus Ward and McNutt.

Bitbot: a Telegram crawler reinventing crypto trading

While the united state SEC pursues Geosyn Mining LLC, Bitbot, a cutting-edge non-custodial Telegram trading crawler that intends to equalize crypto trading is making waves with its token presale.

Besides its token presale, Bitbot uses individuals institutional-grade devices in a safe and secure and user friendly plan, permitting them to trade straight from Telegram while keeping control of their possessions. It incorporates with self-custodial budgets, guaranteeing individuals preserve total control over their tricks and possessions.

The system utilizes KnightSafe, a decentralized protection system, to protect trading tasks. It supplies a series of trading devices, consisting of automated sniping, limitation orders, duplicate trading, and return optimization, easily accessible to individuals of all trading experience degrees.

Bitbot presale nears $3 million

In current advancements, Bitbot’s presale is swiftly coming close to the $3 million mark. The presale, which uses financiers the possibility to get $BITBOT symbols, Bitbot’s indigenous energy coin, has actually gathered considerable rate of interest from the crypto area elevating an overall of $2,900,178 by the time of creating.

Capitalists can acquire the $BITBOT token at the present cost of $0.0171 per token prior to the cost raises to $0.018 in the following phase.

Capitalists can join the presale by importing or developing a clever agreement pocketbook straight using Telegram and as soon as the presale duration ends, financiers can declare their $BITBOT symbols using Bitbot’s main web site.

$ BITBOT token owners stand to take advantage of profits sharing, special presale gain access to, special benefits, a say in Bitbot’s tactical instructions with administration, and much more.

Verdict

SEC’s lawsuit versus Geosyn Mining highlights the value of governing conformity in the crypto sector, while Bitbot’s presale success emphasizes the expanding need for cutting-edge trading options in the crypto market.

As Bitbot remains to change crypto trading, financiers excitedly prepare for the system’s future advancements and growth.

Share this articleCategoriesTags.

Resource