Affiliate backoffice wallets for USI-Tech investors disappeared this week, with the company announcing withdrawal delays of up to five business days. This follows USI-Tech's exit from its largest investor market, the United States, two weeks prior.
The company attributed these processing challenges to what it called "rapid growth." An internal message claimed daily deposit and withdrawal numbers had "increased dramatically," overwhelming traditional payment providers. USI-Tech stated it was no longer possible to process payments via a "regular wallet-provider" due to the "gigantic number of transactions."
USI-Tech claims to have developed a proprietary "wallet solution" to handle the transaction volume. The company stated this new system was recently put into operation. This change in operating process and "associated in-house time expenditure" resulted in the current backlog of payouts.
Such claims of surging deposits often precede regulatory scrutiny and eventual collapse in similar schemes. The BitConnect collapse, for example, saw US investigations trigger a surge in withdrawal requests, not new deposits, ultimately leading to its downfall. A company that ceases operations in its primary market typically faces declining investment, not accelerating transaction volume that would require new payment infrastructure.
The reported disappearance of affiliate backoffice wallets, including pending withdrawal requests, left many investors without access to their funds. This development compounded the uncertainty already created by the promised delays. Funds that investors believed were pending transfer vanished from their online accounts.
Despite these issues, USI-Tech "Global Leader" Sharon James publicly expressed optimism. James hosted a one-hour USI-Tech livestream, declaring she was "very excited" about getting "back to business." She offered no specific details regarding the missing wallets or the nature of the transaction backlog.