The COS Ponzi scheme has collapsed.

Along with “cancelling” withdrawals, COS’ admins have additionally trotted out a “hackers!” exit-scam.

COSCOIN has been attacked by hackers from unknown sources, and the withdrawal quantities of all customers have been maliciously tampered with.

The COSCOIN technical division has solved this downside. With a purpose to guarantee the security of customers’ funds, all withdrawal functions have been cancelled.

Whereas concurrently disabling withdrawals, COS remains to be encouraging new funding with a 100% new deposit match.

This is similar bonus at the moment being run by ITP Corp, suggesting each Ponzi schemes are possible being run by the identical group of Chinese language scammers.

“Click on a button” app Ponzis emerged in late 2021 and usually goal cellular customers with restricted monetary literacy.

COS’ “click on a button” ruse was quantitative buying and selling. Buyers logged in, clicked a button and have been led to imagine this corresponded to fictional buying and selling exercise.

On the time of its collapse, SimilarWeb recorded high sources of visitors to COS’ web site because the UK (22%), Morocco (19%), Germany (17%), Hungary (11%) and Romania (9%).

It’s an identical story for ITP Corp, with the UK as soon as once more being the highest supply of buyers.