Has cosetek closed down

The COS Ponzi scheme has collapsed. COSCOIN has been attacked by hackers from unknown sources, and the withdrawal amounts of all users have been maliciously tampered with.

The private registration was last updated on July 22nd, Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running COS has ties to China. The presented ruse is COS affiliates log in and click a button the more invested the more the button needs to be clicked :. Clicking the button purportedly generates revenue via quantitative trading, which for some reason COS shares a percentage with its affiliate investors. In reality clicking a button inside COS does nothing. All COS is doing is recycling newly invested funds to pay earlier investors.

Has cosetek closed down

Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money. The idea was that bots would automatically buy and sell cryptocurrencies on your behalf - all you had to do was click an app button a few times a day. Which sounds ominously like a pyramid scheme. Coscoin also claimed to be a cryptocurrency, though I cannot find any evidence of it trading on any of the main currency trading platforms. On November 23, Coscoin offered to match the deposits of anyone who further invested as an apparent Thanksgiving Day promotion which now some investors say looks like a final push to get more money before the shutters came down. Lisa Auckland, a nurse from Middlesbrough, says she was recruited by a member who regularly sent screenshots apparently showing how much money he was making. Liam Allinson, a year-old offshore worker from Teesside, said he heard about Coscoin through a friend working at Nissan in Sunderland. Many victims are concentrated around the North East, one man from Stockton-on-Tees saying how a workmate tried to recruit him. The phone number provided does not appear to be a valid phone number listing for the United States. Last week the investment scam-busting website BehindMLM. PS Victims who are offered the chance to join new schemes to supposedly recover their losses should be extremely wary of throwing good money after bad. Celebs TV Films.

PS Victims who are offered the chance to join new schemes to supposedly recover their losses should be extremely wary of throwing good money after bad.

Users of a cryptocurrency app fear they have lost thousands of pounds after they were unable to make withdrawals from the site, the BBC has been told. Coscoin, also known as Cos or Cosetek, describes itself as "a leading AI quantitative trading platform" where people can double their investments. Coscoin has not responded to the BBC when asked for a comment. App users say they have been unable to access funds since 23 November. In order to place money into the Coscoin app they had to send funds to it via a third-party app called Kraken, which is a cryptocurrency exchange. Kraken is not accused of any wrongdoing. When the money was then deposited to Coscoin, users were notified as to when they "should hit a button", which Coscoin said was "quantifying their investment", and could increase it.

The COS Ponzi scheme has collapsed. COSCOIN has been attacked by hackers from unknown sources, and the withdrawal amounts of all users have been maliciously tampered with. 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. Investors logged in, clicked a button and were led to believe this corresponded to fictional trading activity. I feel your pain Mark. Feel so stupid for believing in it all, I never thought I was the sort of person who would be caught out by something like this. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

Has cosetek closed down

Users of a cryptocurrency app fear they have lost thousands of pounds after they were unable to make withdrawals from the site, the BBC has been told. Coscoin, also known as Cos or Cosetek, describes itself as "a leading AI quantitative trading platform" where people can double their investments. Coscoin has not responded to the BBC when asked for a comment. App users say they have been unable to access funds since 23 November. In order to place money into the Coscoin app they had to send funds to it via a third-party app called Kraken, which is a cryptocurrency exchange. Kraken is not accused of any wrongdoing. When the money was then deposited to Coscoin, users were notified as to when they "should hit a button", which Coscoin said was "quantifying their investment", and could increase it. Users across the UK have reported that they have lost their investments.

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Oct 1st, at am Oz Q. Related Topics. There is no AI. This may include adverts from us and third parties based on our knowledge of you. Aug 25th, at am Lee Huntingdon Q. Pathetic, and typical lazy journalism. Nov 24th, at am Dean Q. Thank you! This article here has a screenshot of the app and should provide those with half a brain cell all the information they need to realise this is a massive scam: wikifx. Delete the app and never use it. Follow Mirror. You can verify on the Wayback Machine that the current website only went live in July. Just noticed a.

Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money. The idea was that bots would automatically buy and sell cryptocurrencies on your behalf - all you had to do was click an app button a few times a day.

When was the backlog last measured? Users across the UK have reported that they have lost their investments. One said he has made 3k since 10th July and the other one reckons to have made 24, since January. Image source, Coscoin. A load of people I know have fallen for this, and it seems more are jumping onboard every day. Cant belive how this is still growing members, jump still has people joining…. Nov 10th, at am Oz Q. The COS Ponzi scheme has collapsed. Just an update COS is pretending they have been hacked, which is false information they just refusing to let anyone withdraw They have created a new app called QTOX which is exactly the same just different name and its blue instead of green. Nov 27th, at am martyn Q. A spokesman for Kraken said it has a range of fraud prevention procedures that help to monitor and freeze suspicious transactions taking place on the platform, with clients also able to access educational resources aimed at helping them spot signs of scams and fraud.