A Texas securities regulator just shut down yet another cryptocurrency scheme, and the men behind it have a familiar playbook: take money, make wild promises, watch it all collapse, then start over under a new name.

The Texas Securities Board issued a cease and desist order on November 27th targeting My Crypto Mine, an investment operation that's peddling guaranteed returns of 20% every four weeks. The scheme's roots run straight back to Bitqyck, an earlier cryptocurrency pump and dump that went bust in 2018.

Mark Steven Royer is the face of My Crypto Mine now. But his track record tells a different story than what he's selling. Royer joined co-founders Bruce Bise and Samuel Mendez at Bitqyck shortly after its launch in early 2017. Bise has a history Texas regulators describe bluntly: "a white collar criminal." Mendez is a disbarred former attorney who lost his license after misappropriating client funds.

At Bitqyck, the three men pushed an altcoin called bitqy with a simple con. They told desperate investors the token would soar from 2 cents to $3. They targeted people who felt they'd missed out on Bitcoin's rise, promising the coin would "create a new digital economy." It was pure theater.

Bitqy never came close to $3. By November 2018, it had crater to $0.000572 per token. Investors who bought in at the promised entry point lost more than 99% of their money. The operation lasted just over a year before being officially abandoned in June 2018. The affiliate network was quietly sold off to another company for an undisclosed amount.

Now Royer is back with My Crypto Mine, claiming he's "been involved in cryptocurrency for the past 10 years." He conveniently left out that his only real cryptocurrency experience is running a failed MLM scheme. The new operation is asking investors to put up $10,000 or more with promises of guaranteed returns, zero risk, and capital that will never lose value. He's even claiming the company has backing from a "major national Church" recommending it to 6 million members.

None of it is legally registered. My Crypto Mine, Bitqyck, and all three men are not registered to offer securities anywhere in the United States. The promises about guaranteed returns, audited trades, and church endorsements? They're worthless without that registration. Texas regulators know it. They've ordered the operation to stop.

For investors who fell for Bitqyck the first time around, the message is clear: the faces change, the company names change, but the scam stays the same.

🤖 Quick Answer

What is My Crypto Mine and why did Texas regulators take action against it?
My Crypto Mine is a cryptocurrency investment scheme that promised guaranteed returns of 20% every four weeks. The Texas Securities Board issued a cease and desist order on November 27th after determining the operation engaged in securities fraud. The scheme is connected to Bitqyck, a failed cryptocurrency pump-and-dump from 2018.

Who are the operators behind My Crypto Mine?
Mark Steven Royer is the primary operator of My Crypto Mine. He co-founded the earlier Bitqyck scheme with Bruce Bise and Samuel Mendez in early 2017. Both Bise and Mendez have documented histories of regulatory violations and fraud-related activities documented by Texas securities authorities.

What pattern do these cryptocurrency schemes follow?
These operations follow a recurring pattern: collect investor money, make unrealistic profit guarant

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