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COTP has officially admitted its demise after misleading investors with nonsense regarding SMS providers.

In a way, yes. COTP alerted investors earlier today that they had been duped by a “hackers!” exit hoax.

On or around May 13th, COTP began deceiving investors. Withdrawals were disabled, with TRON blockchain congestion being used as a reason.

COTP stopped for time with SMS problems when it became clear that there were no congestion concerns at the time.

In a nutshell, investors were advised that the service had issues. In reality, COTP simply delayed the sending of SMS verifications over the time limit set.

COTP withdrawals were effectively disabled because these verification credentials were necessary for everyone to cash out.

This excuse carried on until COTP told investors of a well-timed hacking attempt earlier today.

We were attacked by an unauthorized network around 23:05 US time on May 22nd, and got a ransom email from an anonymous hacker.

User data was lost as a result of the assault, and the platform is no longer functional.

This is a classic MLM Ponzi scheme.

We promptly hired a prominent network security firm to investigate the attack’s consequences, and data recovery efforts have already commenced.

It will take 3 to 5 weeks for you to recover.

Then, after “3 to 5 weeks,” something else happens, or, if COTP’s website is still up and running at that point, the “recovery process” drags on for months with no response.

The COTP Ponzi scam has failed, which is good news for investors. Your money is gone, and you will not be reimbursed.

COTP first appeared earlier this year as an MLM crypto Ponzi with daily profits. Despite the fact that COTP’s website was just created late last year, investors claimed the Ponzi scheme had been operating since 2019.

COTP qualified as a Boris CEO Ponzi since it was first headed by an actor and stock picture executives, but it wasn’t operated by Russians.

COTP was a bunch of fraudsters from Southeast Asia who attempted to impersonate Boris CEO. Multiple clone Ponzis were launched using the same backend infrastructure, the most of which have also failed (before I could get around to reviewing any of them).

COTP was most likely managed by Chinese con artists working out of or with links to Singapore.

It has to be seen whether they will compete with the Russians in the actor CEO MLM Ponzi area.

COTP’s website was non-responsive at the time of publishing, and I’m not sure if it’s down for good.

According to SimilarWeb, the leading sources of traffic to COTP’s website are the United States (38%), Colombia (9%), the United Kingdom (5%), Australia (4%), and Nigeria (4%). (4 percent ).

COTP investment losses are uncertain pending unlikely regulatory action.

To start withdrawal requests, COTP investors were asked to submit picture identification. Identity theft is another possible consequence of COTP’s demise, in addition to financial damages.

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