COTPS, also known as COTP or Cryptos OTC Trading Platform, appears to be a typical example of an HYIP scam, wherein investors are lured with promises of high passive returns. In light of these developments, we have undertaken an extensive COTPS review, aiming to aid victims in seeking justice and recourse.
The company began advertising as a global over-the-counter trading platform in 2019 and boasted about acquiring over 100,000 customers in just one year. However, the recent inactivity of their website has raised suspicions, and numerous individuals are now exploring alternative avenues to recover their investments.
Website – https://cotps.net/, http://cotps.com/
Website Availability – No
Address- US (allegedly)
Warning – Not recommended by the review website like Scam Bitcoin
Domain Age –
| Domain Name | cotps.com |
|---|---|
| Date Registered | March 14, 2019 |
| Domain Age | 4 years, 4 months, 18 days, 17 hours, 48 minutes, 9 seconds |
Regulation
In addition to the apparent disappearance of the platform following exposure on various social media channels, there are several other alarming aspects to consider. COTPS has been identified as an HYIP scam, where it promoted enticing high passive income opportunities and falsely claimed to offer FDIC insurance of up to $250,000 per customer. Moreover, it presented itself as a US-based company, asserting compliance with MSB and FinCen regulations. However, upon investigation, it was revealed that all these claims were fraudulent, and the firm disappeared once it had accumulated sufficient funds through deceitful means.
COTPS Review: Trading Platform
COTPS operated a standard WebTrader named COTP exchange, where customers were encouraged to engage in trades every two hours using an automated trading system that relied on alleged algorithms to identify optimal trading opportunities.
The platform justified its high returns by emphasizing high-frequency transactions, claiming the ability to control the market and accurately predict the most advantageous opportunities for each trader.
Customer Support
Ponzi schemes heavily rely on their support team to attract new investors. Beyond mere advertisements, it is the human interaction that often convinces people to join. COTPS executed this strategy brilliantly by showcasing photos of seemingly responsible individuals and generating engaging content through TikTok, YouTube videos, and various social media posts.
However, it was later discovered that all the images used were stock pictures, and the people presented in charge were merely paid actors featured in the videos. As a result, the true identities of those running the scam remain unknown and hidden.
Moreover, the support team played a crucial role in perpetuating the deception, maintaining constant communication with customers and promoting the enticing narrative. However, in February of this year, the investment firm abruptly shut down its domains and vanished, leaving investors with no means of contact and their investments lost.
Negative Customer Reviews
COTPS reviews accurately reflect clients’ sentiments about the scam. Numerous customers have taken to YouTube, sharing videos detailing their experiences with the platform and recounting what transpired. Similarly, many others have posted their reviews on reputable websites like Reddit, Trustpilot, and other prominent platforms, providing a broader perspective on the situation.
COTPS Review: Demo Account
Throughout its existence, the company never provided a Demo account option to its users. COTPS required a minimum deposit of 9 USDT for the lowest package, leaving potential investors with no choice but to enter the market with this amount if they wished to test the system.
COTPS Review: Conclusion
If you have fallen victim to COTPS or any other fraudulent MLM scam, do not hesitate to reach out to us. Our chargeback specialists are eager to provide assistance and support in obtaining a refund for you.
Time is of the essence as the company has already disappeared. To increase the chances of recovering your funds, we need to act swiftly. Contact us via our online chat to schedule a free consultation, and together, let’s initiate the process before it’s too late.
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