The con artists behind Swapnex have given up and turned off the service after ready for the “quantity to go up” for a complete of 4 days. They’re making an attempt, for some purpose that I don’t perceive, to put blame on COTP.
Swapnex despatched an e mail to its investor base earlier immediately informing them that it was going to disable day by day return computations.
“As a result of unexpected circumstances, we’re unable to proceed accepting new orders in both the handbook or computerized buying and selling modes right now. The processing of funds for any and all previous orders has been halted till the state of affairs improves.
Contemplating that withdrawals have been restricted earlier within the week, this was extra of a symbolic gesture than the rest. No matter exit rip-off Swapnex was working behind the scenes was efficiently accomplished, so that they determined to tug the plug.
Regards, the purchasers, The request that we made to have the cash that was transferred to them to execute orders refunded was denied by our largest dealer.
Along with that, this dealer is constantly launching DDoS assaults towards the web site of Swapnex. It falls below the COTPS umbrella. By using it, we’ve got been capable of handle our orders and course of our funds.
You could recall that we aren’t your typical arbitrage platform. You’ll be able to consider us as nothing greater than a go-between for you and the market.
In accordance with the phrases and situations of Swapnex, we aren’t chargeable for any monetary losses or risks which might be related to the cryptocurrency surroundings.
Our web site will not be accessible after this level, and the COTPS will take full duty for any monetary obligations you will have.”
It is full bunk what they are saying about brokers. The usage of DDOS is a typical form of escape rip-off. The truth that COTP is being blamed seems to be to be a part of the exit hoax.
Boris CEO ran a Ponzi rip-off that was referred to as Swapnex, which was managed by Russians. The COTP is a Ponzi scheme that’s being operated throughout Asia. It is doable that the identical con artists are behind each Swapnex and COTP, however I would not put cash on it. Nevertheless, the probability of this occurring is low. The rest of Swapnex’s newest replace consists primarily of the phrase “sorry in your loss.” A pleasant reminder to all people who has invested that any feedback asking “how can I get my a reimbursement?” which might be posted under might be thought of spam.
The Metafi Yielders and COTP are the one two MLM crypto Ponzi schemes which might be nonetheless conserving buyers at the hours of darkness after the latest market fall in cryptocurrencies.
Yesterday, Metafi Yielders eliminated the flexibility to make withdrawals. They’re apparently going to open their doorways as soon as extra, though I have not seen any proof of this. Regardless, Metafi Yielders has launched withdrawal limits that can stay in place till the center of June.
At first, COTP pointed the finger on the TRON blockchain; now, nonetheless, they’re utilizing the drained excuse of “SMS verification issues.” They have been imagined to have resolved all of their technical considerations yesterday, however I have not seen any affirmation of that anyplace.
When this text was written, all of Swapnex’s web sites and social media accounts have been nonetheless accessible on-line. Throughout the subsequent twenty-four hours, we anticipate that they’ll vanish for good in some unspecified time in the future.
The area title of Swapnex’s web site has been redirected to the web site of COTP, as of Might twentieth, 2022.
