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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All Ponzi schemes are scams. Not that it matters, COS is still a Ponzi no matter what the number is.

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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.

Cosetek trading app

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.

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Oct 3rd, at pm stan Q. The last withdrawal in a Ponzi scheme is right before it inevitably collapses. And thanks for that, I was able to convince him not to invest any money in. Few people i work with who are in this scam when trying to withdraw funds to Kraken from COs are now receiving a msg from Kraken saying.. Nov 12th, at am Oz Q. This is a legal requirement. Get email updates with the day's biggest stories Sign up. So is this definitely a scam as I have an account with them. City of London consists of a few blocks along the Stand with a population of around 30, at best and not be confused with London proper. Aug 27th, at am Foolish Idiot Q. Dec 2nd, at am Ben Q. His reply is not aggressive at all. Sep 5th, at pm Oz Q. Unfortunately the other half have now lost a lot of money. Aug 25th, at am Lee Huntingdon 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.

Nov 24th, at pm Oz Q. Jon Levy Q. Few people i work with who are in this scam when trying to withdraw funds to Kraken from COs are now receiving a msg from Kraken saying.. You can verify on the Wayback Machine that the current website only went live in July. All COS is doing is recycling newly invested funds to pay earlier investors. Sep 14th, at am Oz Q. More info. 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. Your resource has helped me convince colleagues, thank you for your great service. Never heard of ponzi scheme before so i googled it and prety clear for me COS is scam. I could list hundreds of these same scam websites from the last years! Nov 24th, at am Dean Q. Cant belive how this is still growing members, jump still has people joining…. FFS what a wasted opportunity that article is. Sep 17th, at am Oz Q.