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Home Blockchain SEC Files Fraud Lawsuit Against Geosyn Mining, Bitbot Pre-Sale Approaches $3M Mark

SEC Files Fraud Lawsuit Against Geosyn Mining, Bitbot Pre-Sale Approaches $3M Mark

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SEC Files Fraud Lawsuit Against Geosyn Mining, Bitbot Pre-Sale Approaches $3M Mark

The Securities and Exchange Commission (SEC) has taken legal action against Bitcoin miner Geosyn Mining, LLC and its co-founders, Caleb Joseph Ward and Jeremy George McNutt. The charges allege that the company defrauded investors of $5.6 million by misleading them about their mining activities and misappropriating funds for personal use.

In contrast, Bitbot, a non-custodial Telegram trading bot, is making headlines with its innovative approach to crypto trading. The platform offers users institutional-grade tools in a secure and user-friendly package, allowing them to trade directly from Telegram while maintaining control of their assets. Bitbot also employs a decentralized security system to protect trading activities and provides a range of trading tools for users of all levels of experience.

Currently, Bitbot’s presale is nearing the $3 million mark, demonstrating the high demand for its native utility coin, $BITBOT. Investors can purchase the token at a discounted price of $0.0171 before it increases to $0.018 in the next stage. The presale has garnered significant interest from the crypto community, with a total of $2,900,178 raised so far.

In the midst of these developments, the SEC’s actions highlight the importance of regulatory compliance in the crypto industry, while Bitbot’s success showcases the growing demand for innovative trading solutions. As Bitbot continues to revolutionize crypto trading, investors eagerly anticipate its future developments and expansion.