Cosetek trading app

The private registration was last updated on July 22nd,

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.

Cosetek trading app

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Update 23rd November — COS has collapsed.

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Police have warned people not to invest in a cryptocurrency investment platform following reports of fraud. Coscoin, also known as Cos or Cosetek, describes itself as "a leading AI quantitative trading platform" where people can double their investments. However, reports to police from across the UK have seen people unable to access or withdraw their money since the end of November. How do cryptocurrencies work? Bitcoin to blockchain: What key crypto words mean. Officers said the structure of Coscoin, believed to be based in Washington in the US, appeared to also incentivise users to recruit people to the platform in what appeared to be a Ponzi or pyramid scheme. The BBC spoke to a former Nissan employee who felt he had been used as "a puppet" by someone claiming to work for Coscoin , after leaving work to become a WhatsApp group administrator for a cryptocurrency app, only for users to find they were unable to access investments. NEROCU have urged people to report if they believe they have been a victim to Action Fraud, as it helps them build intelligence pictures to help warn others.

Cosetek trading app

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.

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Feel free to provide evidence COS has 7 million users. Nov 24th, at pm Anonymous Q. Nov 23rd, at pm Lee Huntingdon Q. If only you applied the same level of due-diligence to Ponzi marketing. Every review creates some awareness of the model though so I keep at it. There is no AI. Aug 25th, at am Lee Huntingdon Q. Jon Levy Q. Facebook Twitter. Nov 21st, at am Failure Q. Oct 30th, at am Oz Q.

In light of cryptocurrencies growing acceptance among the masses investment portals such as Cosetek. In light of numerous similar offerings available today it is crucial for investors to undertake meticulous research prior to making any investment decisions on these portals. This appraisal intends to investigate whether or not Cosetek.

Xera Review: Three collapsed Dubai scams form mega Ponzi. But most interestingly — I found some of the same text used on cosetek website that was used on the IDA scam app which was around about 6 months ago and made the headlines in Pakistan after scamming people for millions. Aug 25th, at am Lee Huntingdon Q. Get email updates with the day's biggest stories Sign up. Does anyone know when the last withdrawal was from Cos was roughly? Many victims are concentrated around the North East, one man from Stockton-on-Tees saying how a workmate tried to recruit him. Oct 1st, at am Chippers Q. US Celebrity News. If only you applied the same level of due-diligence to Ponzi marketing. Your email address will not be published. Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money. And thanks for that, I was able to convince him not to invest any money in. Just noticed a.