USI-Tech TechCoin Under Cyber Attack While Launching Cryptocurrency
USI-Tech TechCoin Under Cyber Attack During Launch
Yesterday, USI Tech's TechCoin holders were recently notified that they were going to start migrating the coins into their USI-Tech Platform. Members were told that it would take time due to certain security considerations in the blockchain and that the migrations process would be done in clusters. But its seems either the company has run into some issues migrating the tokens over.
Here is the latest update from USI-Tech:
To all token holders – Important updates
It is unfortunate for us to announce that we encounter a total of 200 cyber attacks on our system as we deployed our live cryptocurrency today. That means our security automatically locked all access and suspend other system functionalities) for the protection of our users and of our system. As the price of cryptocurrencies rises, technically, a cryptojacking attacker is taking advantage nowadays of this intangible digital currency and these kinds of attack are the primary concern in crypto space today. Clearly, this tragical matter of deep concern and we are working hard to debug this matter in the coming days. We apologized for this inconvenience that this has caused of delay of your tokens but rest assured that all operations around the platform will resume immediately, and users will also be notified once access is open.
We are grateful for your support and understanding for this matter.
Sincerely, The TechCoin Team .
There has been a lot of scrutiny surrounding the USI-Tech MLM when it shut down United States and Canada users access to the platform after a Texas State Agencies issued a Cease & Desist order and one from British Columbia. Former members were then promised that the company would do all that it could to get its users funds back, although you won't find many that actually received anything from their account before the shut down.
Based on the newsletter from the TechCoin Team, it is unclear who is behind the 200 cyber attacks that has one again delayed the system. Or if it is all one big story from the USI-Tech TechCoin Team to buy time for an exit scam.