SEC Charges Geosyn Mining for Fraud, Bitbot Presale Nears $3M

The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, for allegedly defrauding investors out of $5.6 million. The SEC alleges that Geosyn misled investors by falsely claiming to purchase, maintain, and operate crypto mining machines, promising to distribute mined assets to investors for a fee. Ward and McNutt are also accused of misappropriating about $1.2 million for personal use. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against the co-founders.

On the other hand, Bitbot, a non-custodial Telegram trading bot, is making waves in the crypto market with its innovative platform. Bitbot offers users institutional-grade tools in a secure and easy-to-use package, allowing them to trade directly from Telegram while maintaining control of their assets. The platform integrates with self-custodial wallets and employs KnightSafe, a decentralized security system, to safeguard trading activities.

Bitbot’s presale is nearing the $3 million mark, with significant interest from the crypto community. Investors can purchase the $BITBOT token at the current price of $0.0171 per token before the price increases to $0.018 in the next stage. Investors can participate in the presale by importing or creating a smart contract wallet directly via Telegram.

The SEC’s legal action against Geosyn Mining emphasizes the importance of regulatory compliance in the crypto industry, while Bitbot’s success in its presale highlights the growing demand for innovative trading solutions in the market. Investors are eagerly anticipating Bitbot’s future developments and expansion as it continues to revolutionize crypto trading.