Less than a year after Bitqyck’s 2016 ICO, Bise and Mendez began promoting a new coin, BitqyM, that was said to power bitcoin mining operations in Washington state. Bise and Mendez admitted in plea papers that no such operations ever existed, and they had unsuccessfully tried to contract a third-party overseas company to mine the promised bitcoin.
Bitqyck Founders Plead Guilty to Tax Evasion — CoinDesk
