COTP Review: Daily returns tether MLM crypto Ponzi
COTP stands for “Cryptos OTC Trading Platform”. It’s an MLM company that operates in the crypto niche.
COTP provides no credible company ownership or executive information on its website.
Instead COTP provides made-up executives represented by stock photos:
Despite COTP’s CEO being “Jane Jenny” above, COTP’s sole marketing video presents another CEO actor:
COTP can’t seem to get their lies straight though. Dariush’s script calls for him to introduce himself as COTP’s “Technical Director”.
In an attempt to appear legitimate, COTP provides a FINCEN certificate for an MSB registration.
These are typically applied for by offshore scammers using bogus details. In this case COTP has used a shell company incorporation in Colorado.
Cryptos OTC Trading Platform was incorporated with bogus details on 14th October, 2021.
For reference, Feng Yan is cited as the company owner. This person likely doesn’t exist.
The address used to incorporate COTP in Colorado, which also appears on their MSB registration, belongs to an unrelated mail forwarding service (i.e. virtual address).
For the purpose of MLM due-diligence, basic incorporation and anything from FINCEN is meaningless.
Perusal of COTP’s website source-code reveals the site is designed with Chinese in mind:
This strongly suggests whoever is running COTP is based out of or, at the very least, has ties to China or a neighbouring country.
Alexa currently ranks the US as the only notable source of traffic to COTP’s website (25%).
COTP runs two websites on the domains “cotps.com” and “cotps.net”.
COTP’s .COM domain was first registered back in 2019. The domain was purchased by its current owner(s) on February 8th, 2022.
COTP’s .NET domain was first registered on October 2nd, 2021. The registration was last updated with an incomplete address in Singapore on February 9th, 2022.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
COTP has no retailable products or services.
Affiliates are only able to market COTP affiliate membership itself.
COTP’s Compensation Plan
COTP affiliates invest tether on the promise of a ROI.
Returns are paid every 2 hours, with affiliates required to manually invest if the maximum daily return is to be realized.
COTP don’t provide specific ROI rates but promoters maximum daily returns at 3% to 4%.
COTP pays referral commissions on invested tether down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 15%
- level 2 – 10%
- level 3 – 5%
COTP affiliate membership is free.
Full participation in the attached income opportunity requires investment in tether.
The reinvestment minimum amount is 9 USDT. I believe this is also the initial minimum investment amount.
COTP is a simple Ponzi scheme that appears to be run out of south-east Asia.
Affiliates sign up, invest cryptocurrency and earn numbers on a screen every 2 hours.
Returns aren’t realized until withdrawals are made, paving the way for earlier investors to steal the bulk of subsequently invested funds.
COTP deploy the typical trading Ponzi ruse:
COTP is a blockchain OTC and cryptocurrency exchange platform.
We provide users with a more free and safer trading environment, use AI intelligent algorithms to match users with the best orders.
COTP provides no verifiable evidence it is engaged in trading. Such evidence would be audited financial reports filed with financial regulators.
Shell company incorporation, FINCEN certificates, backoffice numbers on a screen and YouTube videos are not a substitute for this legal requirement.
COTP also fails the Ponzi logic test. If COTP’s owner(s) actually had a trading bot capable of hitting 3% to 4% a day, they’d quietly use it themselves.
Through compounding, at 3% to 4% a day it doesn’t take much to turn even a modest capital into a fortune.
Instead they’re providing anyone with an internet connection access, which of course makes no sense.
Throw in securities fraud and stock photo executives – COTP is a classic MLM crypto Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve COTP of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 24th May 2022 – COTP has officially collapsed.
A mere $9 invested at 3% daily, compounded, will grow to $21 billion (that’s “billion” with a “B”) after 2 years.
In 3 years, you’ll have over one quadrillion dollars; i.e., many times the entire worldwide money supply.
I agree with Oz; this “fails the Ponzi logic test,” all right.
Well, since they pay out real USDT Tether crypto, COTP may not qualify for a ponzi scheme. Most ponzi schemes hold investments much longer and makes payment difficult.
This is my one cent though.
Uh, recycling invested funds makes COTP a Ponzi scheme. What medium they recycle is irrelevant.
It seems that some of the people that are promoting Intelligence Prime Capital are also promoting COTP.
Sounds like someone is big mad. Time will tell, but you always say this. Yet, IPC is still going.
You should take a break from writing.
Time doesn’t define a Ponzi scheme. Recycling invested fund to pay returns does.
It’s an unsustainable business model that always collapses. IPC has had already started having withdrawal issues. You know what that means.
In any event, COTP is a Ponzi scheme. Scammers projecting their own butthurt onto others is classic.
I’d love to, I’m long overdue for a break.
Unfortunately the world doesn’t appear to be slowing down anytime soon.
Should change your name to StolenMoney.
Sorry, Frederick, it’s not even worth that.
God bless OZ!
Guys no blind arguments. I personally checked the visually similarity of the COTP’s acclaimed Team Members, and was dazed:
1) Van Fleet (COTP&CIO). Please hit the link below and confirm yourself:
2) Jane Jenny (COTP&CEO). Find out more about from this link:
3) Lisa (COTP&COO). Use the link below:
The acclaimed pictures and/or personalities are fictitious. Pictures of each of them have been used in more than 100 websites with different names for various reasons or roles.
A germane question is “which LEGIT organization will not know the particulars of their employees?”
Un fucking believable, the Boris & Co CEO actors are out of their dam minds as are the shills pushing programs with Boris & Co actors.
Would it be fair to say that the actors are complicit in the alleged scams they front for?
If so should we start a black list of these Boris & Co retards?
We’ve had one Boris come out and explain how it works and that they just get hired for an acting gig.
Man’s gotta eat.
For how long has the platform been in operation?
Another article with poor research, the orders can be verified and you’ll notice some are from Binance verified merchants, if you actually track the deposits they get in their wallets, you’ll notice it’s from exchanges throughout the day which basically confirms they are infact doing arbitrage.
I don’t expect you have known that since any time you see a referral system that makes you think ponzi.
Crypto Arbitrage is (Ozedit: derails removed)
If this was a ponzi this wouldn’t last a few weeks, it’s free to join, no limit on withdrawals, can withdraw at anytime, you get bonuses on referrals and can compound your account rather quickly this would collapse in a matter of days, but has been running smoothly since October 2021 without a single bad review since.
I’ve had a few Borises reach out behind the scenes that I haven’t reported on. They are hired through agencies and aren’t told what they’re promoting.
These are the Borises who shoot prelaunch videos (and sometimes a few followups), and are then never seen again.
The complicit ones say the company name in their videos and stick around for the paycheck post launch.
@Omotunde COTP is a recent launch.
Unless you can provide audited financial reports, you can’t verify dick.
There is no substitute for registering with financial regulators and providing them and consumers with audited financial reports.
MLM + securities fraud = Ponzi scheme. Nobody said anything about referrals. Illiterate much?
What crypto arbitrage is or isn’t has nothing to do with COTP committing securities fraud because it’s a Ponzi scheme.
How long it does or doesn’t last has no bearing on COTP committing securities fraud because it’s a Ponzi scheme.
By the time victims start complaining it’s too late. See: every Ponzi scheme ever.
If these jerkoffs that run/write these articles on this site actually invested in the companies they constantly say are “scams” they would have a lot of f*cking money… COTP has been around been around for 2+ years, and orders can be verified, its classic arbitrage.
I get roughly 3% a day. make your money work for you. get your initial investment out and let it ride or withdraw it weekly as passive income. You got the edge cochise.
There is no doubt money to be made getting into Ponzi schemes early and scamming a bunch of people. See: Shohan Bowala etc. etc.
I would have thought after 10+ years it’s obvious I have no interest in stealing from people.
The .NET domain was only registered last October. The .COM was a blank page until November 2021.
COTP in its current form has only been around a few months. The early scammers have signed up and are now recruiting the gullible schmucks they’ll steal from before (insert exit-scam excuses here).
You get numbers on a screen. The money doesn’t exist unless there’s people to steal from.
@Do more Research, can you comment on how to track wallet transactions?
Their CIO Van Feet is a saint as he is a champion in mental health support and he’s local too in my area!
8/10 troll, would click again haha.
What a great guy. He seems to get around.
How much longer do you think COTP would last before collapsing?
Same as any Ponzi scheme, until withdrawals exceed new investment.
Thanks so so much for your deep level research report. I really agree with the report. I read some people don’t agree with the report and gave examples of IPC still running.
My own experience shows that, exactly 1 year all ponzi website run. So, IPC suppose to exit within next August-November 2022.
People wanting to know the people behind COTP. I believe you have equally seen the person who brought bitcoin. I bet (Ozedit: derails removed, see below)
Bitcoin isn’t an MLM company offering a passive investment opportunity. Learn to securities fraud, kthx.
I can smell scammers from miles, this one stinks from mars. Thanks for a job well done.
I believe the author of this post knows what he is saying. Just to add, there’s no guarantee that a Ponzi scheme would ACTUALLY last one year.
Sometimes, 6months is the end of the road. Sometimes three months.
With all the hype of IPC I did not join cos I knew plain straight it was Ponzi. However I will join cotps only with money I can loose tho.
That’s my advice to anyone who wants to join too. Good luck.
When you consider the only thing you can do in a Ponzi is steal money from others, this says a lot about you.
You clearly never did crypto arbitrage trading, it’s extremely profitable if you have a AI Bot software (Ozedit: snip, see below)
If you want to make financial representations about COTP please provide legally required audited financial reports.
Companies with legitimate “extremely profitable” bots aren’t committing securities fraud.
This review speaks volumes. We have seen many signs. This community is wow.
I support your idea cotp will collapse one day, just put the amount that you can afford to loose.
At the present moment, their business model favors the investor because they are paying out up to 130% monthly (including referral levels) in two hour increments.
So, if they are not trading, they are losing more and more money each month. It’s a very poor business model for a scam.
You must be new here and to ponzi scams in general.
Sorry for your inevitable loss.
Mark Jay says:
You have to be a singular fool if that seems remotely realistic and not a scam.
Even at the start of these scams, “the investor” getting out any substantial amount of profits is always an issue.
(unless “the investor” pimps the ponzi to the extent he/she can replace profits with equal sucker $ coming in)
What an expository.
although I have invested with money I can afford to lose, I still reckon and agree that all these platforms reeks of scam because why on Earth would an individual share the secret to wealth to total strangers and not his family members?
“only invest what you can afford to lose” is unbelievably dumb advice. This is 100% a SCAM. Do not put ANY money into it. Why?
1) You are likely to lose all your money
2) You are funding criminal activity
If 1 million people said “I can afford to lose $100” then the professional criminals end up with $100million. Who knows what they do with this money? They could even be funding terrorism (as has happened in the past).
Think about the consequences of your gift to criminals rather than just being greedy for your own self gain.
Ok, so you build up to one trillion dollars?
You can withdraw 20,000 dollars at a time but as many times in a day as you want.
Average withdrawal time about 5 minutes. If you could withdraw 20,000 dollars every minute of every day, it would take more than 95 years to withdraw a trillion. Almost 10 years to withdraw a billion.
Now work it out with withdrawal taking about five minutes each.
Chances are you won’t live long enough to enjoy your trillion lol.
I know someone who has earned more than 4.6 million usdt just from compounding on COTP over 2 years from 2019.
He is withdrawing US$500K every week. How’s that for a scam?
Anybody can go look up COTP’s website domains and see the current websites didn’t exist till late 2021 and early 2022.
How full of shit do you want to be?
1. Inaccurate start date, unless he pre-loaded into the scam, which means he’s a confirmed scammer.
2. You trying to imply that only honest businesses and people make money somehow? Your friend is successful thief, congrats I guess?
You don’t even need someone to tell you that this is MLM scam. IPC now is not paying any money out to its client, though the bought is trading and you can’t even see your profits on your wallet.
@Biss Rock, must be someone advertizing or working with cotp I will tell you that much.
Nevertheless, putting money there and making profit before it crashes doesn’t mean they are not scam. Is a huge scam my friend.
COTP is a massive ponzi scam, the username defending it above are either fresh investors or owners of the scheme. everything about it is fake, fake actors, dubious ownership. unrealistic returns. Just another arm of IPC scam continued.
funny enough OZ please look at the scam called Validus, some IPC promoters jumped on it and this COTP shit.
So if this is a Ponzi scheme, why would Fintrac allow approving COTPS?
This is an arbitrage process (Ozedit: snip, see below)
Validus has already been covered on BehindMLM. Search bar is on the top right.
FINTRAC didn’t approve anything.
Scammers register a shell company with Mickey Mouse details. There is no verification.
Scammers do this so gullible investors run around the internet going dUh WhAt AbOuT fInTrAc?
What about it? FINTRAC is not a substitute for registering with financial regulators and providing audited financial reports.
If you want to make financial claims about COTP, provide audited financial reports to back up your claims. This is a legal requirement and any MLM company offering securities that fails to do this is operating illegally.
MLM + securities fraud = Ponzi scheme
Please, kindly explain what securities fraud means. Thank you.
Within the context of MLM, securities fraud is any passive investment opportunity. It doesn’t matter how the opportunity is set up.
Before you chime in with BuT bItCoIn IsN’t A SeCuRiTy! or tHe MoNeY sTaYs In My AcCoUnT!, read what I wrote again.
this scam is quickly getting out of hand.. someone I personally know just put in 70k.. he’s got around 50 recruits.. from IPC to this.. and the thing is, he’s not a bad person just really gullible..
he actually believes this is legit because he doesnt understand how crypto and arbitrage trading works.. and his ignorance is going to hurt other people..
it’s crazy that these things are allowed to go on for months and years at a time..even crazier how many people get tricked.
Gullible is investing in a few Ponzi schemes and learning your lesson.
Someone out there recruiting fifty people into one Ponzi scheme after another is a scumbag.
he hasn’t learned his lesson yet because he got all his money out of IPC and switched to cotp before his money got stuck..
he’s going to find out though.. the way cotp seems to pay out, I can’t see it lasting very long.. it’ll be an abrupt, short end.
If he’s got fifty people under him he’s stolen their money and used it to fund his Ponzi shenanigans.
He’s not investing with his money, he’s investing the money of the people he’s stolen from (recruitment commissions).
He will have already made back whatever he dumped into COTP in commissions, and is or already has lined up the next Ponzi to funnel his victims into.
oh I 100% get it..he really just thinks it works.. believe me there are just dumb people out there that are just ambitious..
I know he’s stealing from people.. apparently he follows some guy on YouTube that is actually doing all the lining up.. but basically he just believes everything these people are saying..
he doesn’t believe IPC scammed out he just thinks he got out because or the US “regulatory” issues.. he thinks it’s actually possible to double your money in 19 days with arbitrage trading because someone told him that.. and he just sees money coming in so he won’t listen to anyone being negative towards it..
regardless of who he is or not, through ignorance or on purpose he’s hurting people.. and I’m sure there’s hundreds of him out there supporting this nonsense..
makes you lose faith in humanity when people can either be so easily tricked or that they ignore it and take the money for themselves..and that’s not even mentioning the criminals who set this up in the first place.
This guy has been actively promoting IPC and COTP. He gets in early in these Ponzi schemes and makes a lot before people get burned.
He just sent an email stating that he has made $150,000.00 in COTP. He says the usual; “don’t invest more than you can afford to lose” and we have to “diversify” in these “programs”.
These ponzi scheme promotors are no better than the criminals who create the ponzi schemes.
(Ozedit: links removed, see below)
But how did you know the site was blank before?
Am on the platform already but I have never recruited anyone. What about Royalq and omega pro.
I removed the links in #56 above as it’s recruitment spam and they’ll be gone anyway when COTP collapses over the next few months.
“The guy” in question is Scott Morris and his FireTeam1 Ponzi group. FireTeam1’s “executive team” are “Jamzee”, Mark Pedersen, Ed Wolfe and Jason Love.
You can verify COTP didn’t exist in prior to late 2021 through the Wayback Machine.
What about them? Search bar is on the top right of every page.
I registered though but I’ve not invest any money in COTP yet because am looking for more proof.
No need to wait. You can check with your national financial regulator and confirm COTP is not registered and providing audited financial reports.
The COTP website went down this morning according to Scott Morris and his FireTeam1. Here is a link with Scott explaining why this was a good thing. He uses some twisted logic.
I know you have to remove links…..I just wanted to make you aware of it. It is very interesting that so many of the same people who were promoting IPC are also promoting this “investment”. They jump from one ponzi to the next with impunity.
Uh, COTP’s website going down isn’t a substitute for registering with financial regulators and providing legally required audited financial reports.
It doesn’t prove anything, other than COTP’s website going down.
Scott Morris is
talkingscamming out of his ass.
^ This logic is absolutely bulletproof. The COTP website going down at the EXACT time that Binance was on pause which means COTP is 1000% actually trading on Binance means the company is legitimate. /s
Can’t make this stuff up lol.
Thank You for the information.
Always a funny and depressing read as always, thank you Oz !
It’s just so appalling how people can’t seem to understand all these are tricks, SMH.
With this I can even say IPC played a more decent game, because WTH is 100%+ profit in less than a month???
Anyways, someone once said: Telling people to stop engaging ponzi schemes is like asking a pig to fly. I rest my case.
Jeez, think it again. 100’s of thousands of cotp members are currently trading on usdt like 12 times in a day..
12 times?? Man, this is totally unrealistic. With that analysis do you know how many supposed aRbItRaGe trades we expect on that market?
On a very normal scenario liquidity issues won’t even allow you go that far!
But here is COTP, the master and controller of liquidity and the market, promising you 3-4% daily, regardless the market conditions. LOL.
Here is a letter Scott Morris sent out to his group about COTP today (4/20).
He also sent a video link which I could not get to open.
Isn’t it interesting that so many of these Ponzi Pushers refer to these Ponzi scams as “programs” and that you need to diversify because we know that they “don’t last forever”.
Clearly, he knows that something is “off” but as long as he gets in early and makes a lot of money before the collapse, he can justify promoting these scams.
Surprisingly, a huge number of people are thrilled participants and not bothered by the fact that thousands of people are getting ripped off, as long as they profit from the Ponzi “redistribution”, they are happy.
Of course, no actual trading is taking place.
Here is a link to a recent Webinar Scott had on COTP, but he talks about the trouble he and others are having getting their money out of IPC.
So many of the same crooks seem to be promoting both scams.
bitconeeeeeeeeeeeeeeect !!! LOL
Just stumbled on this site and I am loving the exposé. Thank you.
This is Scott’s latest video. He addressed IPC and COTP. He does not seem to understand the way some Ponzis can use operate. Some are much more sophisticated than others.
He missed on IPC and he will be wrong about COTP. Legitimate companies do not operate with little to no transparency.
Anyone shilling Ponzis on YouTube knows exactly how Ponzi schemes work.
I have been talked to join cotp but I refused because the same way I am reading this reviews now I had read a lot IPC but i was gullible enough to invest in IPC and lost over 3000 dollars…
I can beat my chest and tell you COTP is a very big scam… I doubt if it will in the next 3 months.
God Punish the promoters of all this scams and ponzi schemes. IPC has collapsed already in less than a year.
don’t know if this is allowed but anyone wanting to crash a ponzi party in 15 minutes go ahead.this dude is involved with all the nonsense
(Ozedit: link removed)
While promoter webinars can be fun raiding them generally isn’t constructive. Also might be against Zoom’s TOS.
ok sorry.. guy just had 60 people on the call and it’s frustrating..I didn’t know this stuff was so prevalent until recently and it all makes me sick..just wanted to crash the recruiting call..but I also understand
So you think it could collapse any day now or could last weeks, maybe months?
MLM Ponzis last as long as people sign up to lose money in them.
Stop playing chicken with money by trying to get ahead of an exit.
It is what it is. Either u keep missing opportunities or stand firm on your feet.
This COTP scam is liberating lives BigTime so what are we saying. (Ozedit: spam removed)
This, right here, is what’s wrong.
COTP is a Ponzi scam in which the majority of participants are mathematically guaranteed to lose money. That’s what it is.
Nobody is getting liberated. If you joined COTP and withdrew more than you invested you’re a scammer.
Own your shit and stop lying from the people you’re stealing from.
Maybe it should be STOP LYING TO THE PEOPLE YOU ARE STEALING FROM.
That too 😀
…on the necks of others
Majority of people prefer not to make their money from the blood of innocents.
You on the other hand..
Sounds just like crypto money in money out. Early investors make bank investing early new investors hold bags buying the top.
Rinse and repeat…
(Ozedit: derail removed)
It’s a big scummy world we live in…
I see in youtube running in 4 months already we just wait until december if this cotp is paying.. it means this is a thru money making ..
you can even trade 5 to percent everyday scalping on bitcoins if u know how to read the chart.. but good luck of cotp hope it will last.
No it doesn’t. All it means are dumbasses are still signing up to COTP to lose money.
Get out of the “it’s not a Ponzi scheme if I’m stealing money” mindset. COTP is a Ponzi scheme regardless of whether you’re a net-winner or net-loser.
I find your information useful and value the input you put into this website. However, I’ve discovered a common theme where almost anything that you state as not regulated is a Ponzi and some of the sites this is the only reason for it being marked as a ponzi.
Just take a look at Binance (Ozedit: derails removed) I think crypto is like the wild wild west and although a lot of things are scams there are some hidden gems out there.
Arbitrage is a great method of earning income and having used it with bookmakers in the past it can work very well the only difference is the exchanges don’t ban you from doing it unlike the bookmakers.
Withdraws are pending…ponzi has imploded but some shills are blaming the tron network being busy…lol
This is reflective of every company in the MLM crypto niche being a Ponzi scheme. I don’t run the companies, I only review them.
Binance isn’t an MLM company offering a passive investment opportunity.
Whether it is or it isn’t, securities law makes no exceptions for unregistered securities offered through crypto.
Which begs the question why any MLM crypto company claiming to do arbitrage wouldn’t register with financial regulators and operate legally.
You know why they don’t. I know why they don’t. Stop making excuses for scammers.
Thanks for the update Okosh. Standby, a lot of MLM crypto Ponzi news today.
Screenshots posted in COTP now what group..
The tron network is congested, its not a blame it was advised on Binance when making withdrawals and deposit you fool.
Withdrawels still coming through fine and still billions of USDT in all there wallets. No problems.
Tell me you’re a gullible moron without telling me you’re a gullible moron.
Ponzi freshmen sit the fuck down, I don’t have time for your nonsense today.
all the panic withdrawals are going to end this awful ponzi..not that it wasnt on the way out anyways.. good riddance.
Waiting to see it all. I invested.
The panic has begun, and all the late investors are probably* in trouble.
Withdrawals are not going through and COTP customer service has apparently asked for 3 days to fix the issues related to withdrawals.
The end could be near.
Latest excuse for pending withdraws is that their sms provider dumped them!!
In other words this ponzi scam has imploded…
I think every MLM crypto Ponzi is hoping investors pump the crypto market this week.
That’s basically what they’ve all hinged their pauses on.
They dropping like flies!!…
I’m bored…need a new scam to work on…lol.
I’m sure Boris will be back with some new actors soon enough.
Meanwhile my review list has blown out to 50+. I need the news to slow down so I can get around to them 🙁
Half will implode before you get to them!!…
Damn COTP is finally going down or dead already!
Let’s keenly watch to see how it plays out!!
Between, thanks OZ for the amazing and heavenly job you’re doing. It’s very rare to see good people like you in this fucked-up, wicked, heartless and ruthless world!!!
Keep it and don’t get tired in saving some noobs and inexperienced peeps ❤❣️❤
Thanks for the support!
Sorry to burst ya little ponzi review bubble, withdrawals are now already being restored with new sms provider.
Long live COTPS!!! now go do something constructive with your time you no lifes.
Just so we’re clear, COTP is a Ponzi scheme because of its business model. That hasn’t changed.
There’s only one reason a Ponzi starts having withdrawal problems. It might be today. It might be tomorrow.
Whenever it is, math is math and the majority of COTP investors are guaranteed to lose money.
Lol, this is such a clear trolling attempt. Nobody with 2 braincells is stupid enough to expect longevity from a chinese-backed actor-fronted scam.
That or you were dropped as a baby?
it’s not back anyway. people are just sharing a screenshot from “support” showing them saying that withdrawals are back to normal in some countries.
there’s been no proof. chats are still full of pissed off people who can’t widthdraw.
even if it does come back, 95% of the people will try to panic widthdraw and cotps will be gone for good.
And would those countries be the countries top promoters are in?
*winkwink, nudgenudge, withdrawwithdraw*
haha. they don’t even say which countries. and no one has shown proof of a withdrawal yet.
so the support screenshot is either doctored or support is lying just to pit a little hope back into the idiots treating this scam like a God. people like James above.
Would you prefer a tronscan link you imbosiles, this is just one of many.
Funny if theyve pulled the rug these wallets continue to grow instead of cleaning them out.
hahaha..yeah that’s because they stopped allowing you idiots to withdraw but are still allowing you to put money in. and it’s in THEIR wallet, not YOURS.
No one can take it from them unless a form of law enforcement arrests them. and even then they probably couldn’t get that money.
you’re just bragging about how rich you’re making them even after they scammed you.
IPC and hyperverse scammed out and they’re still acting like their open for business too.
they don’t just rug pull and leave they steal you’re money and inspire hope to idiots that might send then more money.
haha ok well you know everything apparently including all the internal workings of the company and how the arbitraging works.
i still dont see how you believe its not possible to make .3% profit per trade (yes per every user, look at binance p2p, its done exactly the same way with ten times the amount of binance users( when they are trading the difference between USDT coin between two different countries, its basically triangular arbitrage.
Everyone knows the current issue so why would morons continue to dump money in when the current issue is all over introdcution groups, forums, youtube etc.
Anyway carry on defending, i love to see your replies after this issue is resolved and it carries on, although i know youll still sit here and critisice it coz clearly you dont have a life.
Between the current round of MLM crypto Ponzis going bust, the usual ignorance of investors with respect to financial fraud and securities law is on full display.
*Ponzi goes bust*
Investor: bUt HeRe’S a WaLlEt AdDrEsS!
Strawman. Whether it is or it isn’t is irrelevant.
If you’re running an MLM opportunity offering a passive investment opportunity, you need to register with financial regulators and provide audited financial reports.
This is the only way to verify external revenue is being used to pay investors.
MLM companies that don’t register choose to operate illegally and commit securities fraud.
MLM + securities fraud = Ponzi scheme
why would morons put their money in a ponzi scheme to begin with? arbitrage is real but not possible at the levels they do it. the margins close a lot quicker nowadays and since 3 other ponzis are doing the same thing plus real people with real bots that aren’t nearly as perfect are trying to hit these margins at the same time, they wouldn’t all be able to win. but somehow they all do
That and to prolong the inevitable avalanche of complaints to authorities.
Thank you OZ for the good works you’re doing.
So I put a little bit into this scheme. I’m up $15 apparently.
After reading this article and other articles on the web I went ahead and did what I should have done before I put a few bucks in. I did some due diligence. It’s not good.
It’s a Colorado corporation. The listed address is a storefront post office box type place. The registered agent that is listed is a Yan Feng.
There are multitudes of businesses listed at the same address and 99.99% are Chinese or Asian. The location looks like it’s in a Chinatown section of Colorado Springs.
A search for Yan Feng turns up nothing. There are some Yan Fengs in Colorado but none that I can find affiliated with COTPS.
They are also listed in Canada and it’s the same story: a store front operation type thing. The Federal registration shows this company is involved in money orders, money transfers and crypto trading.
I spent two hours trying to trace the people and the company. DEAD END. Now I’m getting out but I am concerned that this scheme has so much of my personal information.
I’m wondering if the Communists now have my personal data or bad guys are going to attack my identity. Stupid me.
Oz, keep up the good work. I’m laughing my ass off looking at the Italian telegram swapnex channel.
It was clear as the sun that was a ponzi and you review made even clearer. Thanks for the good work.
COTP members received this notification today:
Yep. The ol’ phantom hacker BS. This time complete with a sinister, evil, illegal network.
Unfortunately, there will be victims who will actually wait those 3 to 5 weeks.
3 to 5 weeks? Bitch please for such an advanced AI Bot matching platform they sure do seem to be running a pretty shoddy IT infrastructure.
So predictable these scammers.
Bitch please was also my response upon reading their nonsense!
I bet they were laughing when they came up with that. lol.
Well, it appears cotps itself has now bursted your bubble. We tried to warn you that your precious little program was a ponzi scheme. But like every other ponzi defender, you had to learn the hard way.
Ah yes…the rantings of the scammed.
The correct phrase has proven to be: “SHORT live COTPS!!!”
I suggest you stop doing things that are DESTRUCTIVE with your time AND your money.
So I picked the wrong day to upgrade my desktop hey.
Finished getting everything back online. Getting into the news shortly.
Well ever since ant USDT took the little I had I have no eyes for this kind of things anymore would have been part of this hole.
time will tell if COTPS comes back.
Math is math, regardless of time that passes.
COTP was a Ponzi scheme that collapsed. Sorry for your loss.
The scammers behind COTPS will likely come back.
But COTPS is not coming back.
These criminals will be back with another scam. They know there are plenty of gullible people who will ignore red flags and warnings about their next ponzi.
Gullible people who will eagerly allow themselves to be scammed.
You are the type of member I referred to in post #122. The type who will actually wait 3 to 5 weeks for these thieves to resume withdrawals.
Some would have believed them had they said 3 to 5 YEARS.
Desist and Refrain Order for COTPS