When the Texas Securities Board issued USI-Tech with a cease and desist last year, one of the primary concerns was lack of disclosure.

At the time USI-Tech were claiming to generate ROI revenue through bitcoin mining.

In their
cease and desist
, the Securities Board pointed out a complete lack of evidence of bitcoin mining taking place or being used to fund ROI revenue.

Rather than provide this evidence, USI-Tech
ceased business operations in the US
.

Unfortunately however there was no getting around the US being USI-Tech’s primary source of invested funds.

Despite having access to what was left of US investment, when combined with investment from elsewhere in the world it soon became clear that without the US, USI-Tech was heading for a quick collapse.

This prompted USI-Tech to
cancel previous BTC Package investment positions
, effectively wiping existing ROI liabilities clean.

To soften the blow of reneging on the advertised 140% ROI and leaving those with losses hanging, USI-Tech announced “BTC Packages 2.0”.

Question: How do you convince investors who have lost a ton of money in your scheme to invest new money?

Answer: Promise them “100% transparency”.

USI-Tech’s BTC Packages 2.0 announcement suggested the company was going to comply with US securities regulation.

Among other things, this would require USI-Tech to provide evidence of bitcoin mining revenue being used to pay affiliates.

In an update announcement sent out to affiliates earlier today, the company advised this isn’t what it meant by “100% transparency”.

We are delighted to confirm that our new fully transparent BTC 2.0 mining packages went live yesterday without a glitch and the system is working perfectly.

You can now see through the blockchain, our earnings relating to our mining capacity, which allows us to be able to offer over 565,000 BTC packages for you to purchase.

Purchases can be made with either fresh BTC or from your internal available balances from earnings on your BTC 1.0 (available very soon) or BTC 2.0 ROC as well as commissions or you can simply choose to withdraw your daily earnings.

You will also see, we have given you full transparency to our company wallet reserves.

This wallet is specifically used for us to place all your commissions ready for payout to ensure we have the available BTC for your payments.

Providing bitcoin wallets to USI-Tech affiliates ultimately means nothing.

Funds in the wallets could be sourced from anywhere (in the past USI-Tech has
laundered funds through the Bitfinex exchange
).

Not withstanding the deadline for responding to the Texas cease and desist has
long-since passed
, USI-Tech’s “100% transparency” is a far cry from required disclosures.

Disclosure violations include:

Information about the facilities used to mine bitcoins, the costs of mining bitcoins, and whether they have successfully mined bitcoins;

The terms of the contracts and an explanation of USI-Tech’s “non-exclusive interest” in mining con

🤖 Quick Answer

# USI-Tech's BTC Package 2.0 "100% transparency" is a sham

What were the main concerns raised by the Texas Securities Board regarding USI-Tech?
The Texas Securities Board's cease and desist order highlighted a critical lack of disclosure and absence of evidence supporting USI-Tech's claimed bitcoin mining operations. The board found no substantiation that bitcoin mining was actually occurring or generating the promised ROI revenue to investors.

Why did USI-Tech cease operations in the United States?
Rather than provide evidence of legitimate bitcoin mining activities, USI-Tech chose to cease US business operations following the Securities Board's cease and desist order, effectively avoiding regulatory compliance and transparency requirements imposed by authorities.

What financial challenges did USI-Tech face after leaving the US market?
The United States represented USI-Tech's primary revenue source. Despite retaining remaining US investments combined with international funds, the

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