COTP affiliate traders have begun reporting withdrawal issues.
Moderately than simply be sincere about working out of funds to cowl withdrawals, COTP are blaming congestion on the TRON community.
There have been no current stories of congestion on the TRON community.
COTP is a every day returns MLM crypto Ponzi, believed to be run by scammers in south-east Asia.
As documented by the FaceBook group “COTP Rip-off – Now What!?”, traders started reporting points over the previous 24 hours:
The delays are being brought on by COTP deliberately sending out invalid codes when a withdrawal request is put via.
As seen right here on BehindMLM, COTP traders have been suggested the on-site errors are being brought on by offsite congestion on the TRON community.
The issue with this excuse is TRON community congestion hasn’t been reported or mentioned wherever on the web over the previous 48 hours.
Moreover COTP, as reviewed right here on BehindMLM again in March, solicits funding in tether (USDT). Tron isn’t talked about wherever on COTP’s web site.
As ranked by SimilarWeb, nearly all of guests to COTP’s web site are from the US (38%), Colombia (9%), the UK (5%), Australia (4%) and Nigeria (4%).
With cryptocurrency crashing earlier this week, numerous MLM crypto Ponzi schemes are feeling the stress.
Elevate Go’ web site went down a couple of days in the past. Mido Finance has collapsed and Metafi Yielders traders are additionally reporting withdrawal points.
Replace fifteenth Could 2022 – As of Friday Could thirteenth, COTP “customer support” are telling traders they want three enterprise days to repair SMS points.
This provides COTP until Tuesday Could seventeenth to renew withdrawals… or exit-scam.
Replace twenty fourth Could 2022 – COTP has formally collapsed.