The COS Ponzi scheme has collapsed.
In addition to “cancelling” withdrawals, COS’ admins have also trotted out a
“hackers!”
exit-scam.
COSCOIN has been attacked by hackers from unknown sources, and the withdrawal amounts of all users have been maliciously tampered with.
The COSCOIN technical department has solved this problem. In order to ensure the safety of users’ funds, all withdrawal applications have been cancelled.
While simultaneously disabling withdrawals, COS is still encouraging new investment with a 100% new deposit match.
This is the same bonus currently being run by
ITP Corp
, suggesting both Ponzi schemes are likely being run by the same group of Chinese scammers.
“Click a button” app Ponzis
emerged in late 2021 and typically target mobile users with limited financial literacy.
COS’ “click a button” ruse was
quantitative trading
. Investors logged in, clicked a button and were led to believe this corresponded to fictional trading activity.
At the time of its collapse, SimilarWeb recorded top sources of traffic to COS’ website as the UK (22%), Morocco (19%), Germany (17%), Hungary (11%) and Romania (9%).
It’s a similar story for ITP Corp, with the UK once again being the top source of investors.
🤖 Quick Answer
What happened to the COS app?The COS Ponzi scheme collapsed, with administrators cancelling user withdrawals. They attributed the incident to a hacker attack claiming funds were compromised, though simultaneously continued accepting new deposits with 100% matching bonuses, indicating a potential exit scam.
How does COS justify the withdrawal cancellations?
COS administrators blamed unknown hackers for allegedly tampering with withdrawal amounts and user funds. They claimed the technical department resolved the issue and suspended all withdrawals to protect user assets, a common Ponzi scheme tactic.
What suspicious activity continued during the crisis?
Despite freezing withdrawals, COS maintained active recruitment through a 100% new deposit match promotion. This simultaneous practice of blocking exits while encouraging investment deposits is characteristic of Ponzi scheme operations.
What connection exists between COS and ITP Corp?
Both platforms operate identical 100% new
🔗 Related Articles
- Eagle Gates Group CEO Eddy McClough arrested, claims he’s an actor
- Speak Asia’s Harender Kaur wanted by Interpol
- Devide Ponzi rages against Swedish media after investigation news
- Capitalvest Pro Review: 25% in 14 days Ponzi scheme
- DexNet Review: Dubai MLM crypto securities fraud