COTP withdrawal delays, lies about TRON network congestion
COTP affiliate investors have begun reporting withdrawal problems.
Rather than just be honest about running out of funds to cover withdrawals, COTP are blaming congestion on the TRON network.
There have been no recent reports of congestion on the TRON network.
COTP is a daily returns MLM crypto Ponzi, believed to be run by scammers in south-east Asia.
As documented by the FaceBook group “COTP Scam – Now What!?”, investors began reporting issues over the past 24 hours:
The delays are being caused by COTP intentionally sending out invalid codes when a withdrawal request is put through.
As seen here on BehindMLM, COTP investors have been advised the on-site errors are being caused by offsite congestion on the TRON network.
The problem with this excuse is TRON network congestion hasn’t been reported or discussed anywhere on the internet over the past 48 hours.
Furthermore COTP, as reviewed here on BehindMLM back in March, solicits investment in tether (USDT). Tron isn’t mentioned anywhere on COTP’s website.
As ranked by SimilarWeb, the majority of visitors to COTP’s website are from the US (38%), Colombia (9%), the UK (5%), Australia (4%) and Nigeria (4%).
With cryptocurrency crashing earlier this week, a number of MLM crypto Ponzi schemes are feeling the pressure.
Elevate Pass’ website went down a few days ago. Mido Finance has collapsed and Metafi Yielders investors are also reporting withdrawal issues.
Update 15th May 2022 – As of Friday May 13th, COTP “customer service” are telling investors they need three business days to fix SMS issues.
This gives COTP till Tuesday May 17th to resume withdrawals… or exit-scam.
Update 24th May 2022 – COTP has officially collapsed.
Oz, I think you forgot the “n’t” : “Tron is mentioned anywhere on COTP’s website.”
I did, thanks for for catching that!
COTP shouldn’t just fcxk with people’s money plz.
COTP is a Ponzi scheme. Its literal only purpose is to fuck your money into the hands of admins and top promoters.
All I know is that there shall no lose.
They are using USDT in the tron network. I think that’s what they mean.
But either way there’s no congestion on the tron network. COTP running out of money and excuses.
Just like yesterday, you warned potential “investors” and many feel like they can outsmart the system.
Now, these lies will catch up with every “investor” and the gullible ones would still believe TRON network caused the delay. It’s over fellas.
Thanks for confirming thunder. While the butthurt is amusing spam-bin it is.
You’re an idiot LOL.. COTP never said site errors were caused by congestion from the tron blockchain..
There is a serious issue with their SMS provider, it has NOTHING to do with COTP. SMS operators are a 3rd party.
I’ve also been tracing and monitoring their wallets where I received previous withdrawals from, the wallets keep growing every day. One of them grew over 10 million dollars in about 14 hours.
You’re a moron who doesn’t know how to really research and goes based off other morons who think they know everything on youtube.
COTP uses USDT for deposits and withdrawals, USDT via the TRX (TRON) Network, and there is absolutely NO CONGESTION at this time and even if there was, It should only cause delays by maybe an hour or two at most.
COTP is collapsing and I feel sorry for the investors, But this will make them see things more clearly I hope and people will avoid such scams in the future.
Yeah apparently that’s what they came up with 24 hrs after the TRON nonsense.
Sure as shit doesn’t take “3 business days” to fix technical errors, SMS or otherwise. What 3 business days does give you is time to exit-scam and hope crypto “number go up” again.
1. That means nothing, those are only the wallets you know about.
2. COTP is a Ponzi scheme, new investment flowing into these wallets isn’t surprising.
While I appreciate the updates, you’d do well to not over-extend yourself. BehindMLM is full of comments from “baby’s first Ponzi” readers that didn’t age well.
Looks like trouble in paradise. (though Scott isn’t worried!) Here is the latest video from Scott Morris.
youtube.com/watch?v=qc5a9BlD9cU
Sure thing champ. And they need your money why then?
Here is the latest video from Scott Morris. He is urging everyone not to panic.
Isn’t it interesting that with so many of these Ponzi schemes, there is always something mysterious about the companies involved?
Contacting any legitimate company is never a problem. You can either call them or go and visit their offices. With COTP, how many of these “investors” have actually visited the company address to confirm their authenticity and trading activities?
The lack of transparency hits you in the face. When the company isn’t functioning properly, all of these “investors” start speculating about what could be wrong and many give pep talks to keep their recruits from panicking.
I have seen this over and over again on YouTube and Twitter. It is sad that some of the big marketers (like the originators of the Ponzi schemes) will actually make a lot of money off the ignorance of late “investors”.
I don’t know how these guys will ever have any credibility again after the IPC and COTP failures.
youtube.com/watch?v=8QSwO9gPXbA
The withdrawals were turned off because the owners are pulling an exit scam.
This is what happens when you have a low IQ and want to get rick quick. You just got robbed again and will continue to join this crap over and over again and continue to get robbed because you love being robbed.
Stop that endless cycle and stop believing the Ponzi Pimps to call you 10 times a day to sell you this crap on a silver platter and promise you more riches than Nancy Pelosi.
Leave all the chatrooms and block the person who introduced you to this because they knew it was a scam and only wanted that fat commission check from you for enrolling.
May 17th is here, any update lol silly of me to even ask. We know the outcome.
Please they shouldn’t just try it, this is heart breaking. Wtf.
COTP collapses…..but don’t worry, he made $300,000 and there are more “programs” on the way.
The Ponzi Pushers never stop. No mention that the money that was made was not from trading but was from the PONZI scheme redistribution of funds. Unbelievable!
youtube.com/watch?v=T8fiWmnmxu0
I use to get emails from Scott about IPC and COTP but now he’s disappeared. Probably alot of his followers are threatening him… lol.
I received an email from Scott and his Fire team for a new “project” called cryptocrown. He says the buyin is $27,500. You might want to review that project.
https://behindmlm.com/mlm-reviews/crypto-crown-review-550-crypto-trading-bot-securities-fraud/
Search bar is on the top right of every page.