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.

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. A spokesperson for the car maker said it was aware that "some staff may have been affected". He was able to withdraw his investment so he decided to invest more of his money. Users said they encountered problems with their withdrawals after Coscoin ran a "Thanksgiving special". People were able to increase their investments if they pushed a button on the app. Mr Pearce said he felt "frustrated and angry" after getting others involved. He said he had been unable to contact the site's admin.

Nov 24th, at pm Jonny Q. Feel like a mug whilst someone laps up our investments. He said he had been unable to contact the site's admin.

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.

Has cosetek closed down

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.

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Possibly as early as late June Nov 12th, at am Paul Q. Both these people I consider friends and are trustworthy and I have seen the second friends phone app which proved what he said, I have no reason to mistrust these people. I fell for 1 before Global Hyperfund! Nov 28th, at pm Chinedu Q. Nov 25th, at am Oz Q. Users said they encountered problems with their withdrawals after Coscoin ran a "Thanksgiving special". 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. Update 23rd November — COS has collapsed. Very confused. 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 25th, at pm Mark Q.

The COS Ponzi scheme has collapsed.

All COS is doing is recycling newly invested funds to pay earlier investors. Seems the net is closing. This is maybe what they were alluding to w. Why someone do this evil deeds??? Thanks for tracking that. Assuming you can withdraw what you initially invested, sure. Related Topics. Nov 15th, at am Paul Q. Oct 3rd, at pm Jamie McLaughlin Q. Last week the investment scam-busting website BehindMLM. Aug 27th, at pm Oz Q. Oct 1st, at am Oz Q.