The blockchain financial platform Fintoch is suspected of being a Ponzi scheme, having defrauded 31.6 million USDT

2023-05-24 09:39:48
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ChainCatcher news, on-chain analyst ZachXBT tweeted that the team behind the blockchain financial platform Fintoch is suspected of a Ponzi scheme. They defrauded users of 31.6 million USDT by exiting the BNB Chain, with funds bridged to multiple addresses on Tron and Ethereum. Users report being unable to withdraw.

Fintoch promotes itself as a blockchain financial platform created by Morgan Stanley, claiming users can earn a 1% daily return on investment. However, the "Bobby Lambert" CEO mentioned on the website's team introduction page does not actually exist and is a paid actor. Previously, both the Singapore government and Morgan Stanley issued warnings about this investment scheme. (source link)

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