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.

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.

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. 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 Your email address will not be published.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. Notify me of new posts by email. Leave this field empty. COS app Ponzi collapses, withdrawals cancelled Nov. Thanks for reading! Nov 25th, at am Jaouad Q.

Coscoin has not responded to the BBC when asked for a comment.

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.

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. A spokesperson for the car maker said it was aware that "some staff may have been affected".

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. 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. Notify me of new posts by email. Leave this field empty.

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Ozedit: snip, see below. Nov 14th, at pm Oz Q. Nov 10th, at am Oz Q. Many victims are concentrated around the North East, one man from Stockton-on-Tees saying how a workmate tried to recruit him. Oct 30th, at am arty Q. Possibly as early as late June I started to investigate and found this website very useful for demonstrating that this Ponzi scheme has been done a dozen times over and always ends suddenly with people losing their money. When was the backlog last measured? The wayback machine confirms in that it was a Chinese IT equipment website, and like you said no other info until July Nov 11th, at am Oz Q. Nov 25th, at am Jaouad Q. Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money. Just check what is currently happening in GSp. I found a lot of information out within mins of searching this same old Ponzi scammer stuff!

Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money.

Follow us on social. Feedback Oz: " I did see that article. Got A Story? Nov 22nd, at am Oz Q. Distraught investors in a supposed cryptocurrency trading site have found that the platform has shut down and it is impossible to withdraw money. Related Internet Links. Same text from this website etc. 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. Aug 28th, at am A Query Q. Does anyone know when the last withdrawal was from Cos was roughly? I literally posted weeks ago that Jump Tradiny is the same scammers behind this one. 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. Oct 3rd, at pm Oz Q. Nik Pearce was left "frustrated and angry" after telling family and friends about the app.