COTP Review- Ponzi Scheme- MLM Scam

COTP is an abbreviation for “Cryptos OTC Trading Platform.” It’s a multi-level marketing organization that specializes in the cryptocurrency industry.

COTP’s website has no legitimate firm ownership or leadership information.

COTP, on the other hand, supplies fictitious CEOs represented by stock photos:

Even though COTP’s CEO is “Jane Jenny” in the above film, COTP’s single marketing video has another CEO actor:

COTP can’t seem to get their falsehoods straight. Dariush’s screenplay directs him to present himself as the “Technical Director” of COTP.

COTP gives a FINCEN certificate for an MSB registration in an attempt to seem authentic.

Offshore fraudsters frequently apply for these using fictitious information. COTP has employed a Colorado shell business establishment in this instance.

On October 14th, 2021, the Cryptos OTC Trading Platform was registered with false information.

Feng Yan is listed as the company’s owner as a point of reference. This individual is most likely not real.

The Colorado address used to incorporate COTP, which also appears on their MSB registration, belongs to an unrelated mail forwarding firm (i.e. virtual address).

Basic incorporation and everything from FINCEN are irrelevant in the context of MLM due diligence.

The source code of COTP’s website demonstrates that the site is developed with Chinese in mind:

This definitely shows that whomever is administering COTP is based in, or has relations to, China or a neighboring nation.

The United States is now the sole significant source of traffic to COTP’s website, according to Alexa (25 %).

COTP operates two websites under the domain names “” and “”

COTP’s.NET domain was registered for the first time on October 2nd, 2021. On February 9th, 2022, the registration was last updated with an incomplete address in Singapore.

As always, if an MLM firm is not honest about who runs or controls it, consider twice before joining and/or turning over any money.

COTP’s Offerings

COTP offers no resaleable goods or services.

Affiliates can only promote the COTP affiliate membership.

The Compensation Plan 

COTP affiliates invest money on the promise of a return on investment.

Returns are paid every 2 hours, with affiliates needed to invest in order to get the maximum daily return.

COTP does not disclose exact ROI rates, however, promoters should expect daily returns of 3% to 4%.

COTP provides referral rewards on invested tether down three recruitment levels (uni-level):

  • 15% for level 1 (personally recruited affiliates);
  • level 2 – 10%; 
  • level 3 – 5%.

To fully participate in the linked income possibility, you must invest in the tether.

The minimum reinvestment amount is 9 USDT. This, I assume, is also the first minimal investment.


COTP looks to be a straightforward Ponzi fraud operating out of Southeast Asia.

Every 2 hours, affiliates sign up, invest cryptocurrencies, and earn figures on a screen.

Returns are not recognized until withdrawals are made, allowing early investors to take the majority of monies later invested.

COTP employs the standard trading Ponzi scheme:

COTP is a cryptocurrency exchange and blockchain OTC platform.

We provide customers a more liberated and secure trading environment, and we employ AI sophisticated algorithms to connect them with the best orders.

COTP does not present any verified evidence that it is trading. Audited financial reports submitted with financial regulators would be examples of such proof.

This legal need cannot be met using a shell business, FINCEN certifications, back office numbers on a screen, or YouTube videos.

COTP fails the Ponzi logic test as well. If COTP’s owner(s) genuinely had a trading bot capable of achieving 3% to 4% a day, they’d employ it discreetly themselves.

It doesn’t take much compounding at 3 to 4 % each day to transform even a little investment into a fortune.

Instead, they’re giving everyone who has an internet connection access, which makes no sense.

COTP is a conventional MLM crypto Ponzi scheme, complete with securities fraud and stock photo CEOs.

As with other MLM Ponzi scams, if affiliate recruitment dries up, the fresh investment will dry up as well.

This will deprive COTP of ROI revenue, eventually leading to its demise.

The mathematics behind Ponzi schemes ensures that the vast majority of participants lose money when they fail.