Web3 game project FinSoul hired actors to impersonate executives and defrauded $1.6 million

ChainCatcher news, according to a recent report shared by the blockchain security platform CertiK, the development team of the game project FinSoul is suspected of perpetrating a scam, defrauding investors of $1.6 million by manipulating the market. It is alleged that the FinSoul team hired paid actors to impersonate its executives and then raised funds with the sole purpose of developing a gaming platform.

In May of this year, the DeFi project Fintoch announced the launch of the metaverse platform FinSoul, but on the same day, blockchain detective ZachXBT stated that Fintoch might be a scam project that had stolen assets worth $31.6 million. Subsequently, Fintoch was renamed "Standard Cross Finance" to continue its fraudulent activities.

CertiK has verified the real names of the project's CEO, COO, and CFO. It is understood that these "executives" are actually actors working in the entertainment industry. Additionally, CertiK stated that the Chief Technology Officer of Standard Cross Finance is listed on a promotional poster of an entertainment company, providing evidence that he is an actor.