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.
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.