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’s Products

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%

Joining COTP

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 Conclusion

COTP is a simple Ponzi scheme that appears to be run out of south-east Asia.

Affiliates sign up, invest cryptocurrency and earn nu

🤖 Quick Answer

What is COTP and its business model?
COTP (Cryptos OTC Trading Platform) is a cryptocurrency MLM company operating in the over-the-counter trading sector. It combines multilevel marketing structures with cryptocurrency trading operations, generating revenue through membership recruitment and daily return promises.

How does COTP present its corporate legitimacy?
COTP displays FinCEN MSB registration certificates and provides executive information on its website. However, investigations reveal the use of stock photography for executive portraits and inconsistent CEO identifications across marketing materials.

What red flags indicate potential fraudulent operations?
The platform exhibits inconsistent executive representations, reliance on shell company incorporations, bogus corporate documentation, and unsustainable daily return guarantees. These characteristics align with typical Ponzi scheme indicators rather than legitimate cryptocurrency trading operations.

What registration does COTP claim to possess?
COTP displays a

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