Introducing a paid actor as its CEO, Fintoch victimized his investors with a $31.6 million hit.
A new scam story that shook the crypto industry was revealed by ZachXBT. Crypto researcher ZachXBT stated that Fintoch, who put forward support for Morgan Stanley, made a big hit.
In the project, where an actor hired for a fee was introduced as the CEO, the assets of many investors were stolen. Investors who were unable to withdraw assets saw that the project moved $31.6 million to another wallet.
Big Hit: The Morgan Stanley Image
Fintoch, which was previously warned by Morgan Stanley and Singapore to be careful, defrauded its investors.
The project, which opened a Twitter account under the name of Morgan DF Fintoch and attracted investors with the image of Morgan Stanley, made a big hit. Fintoch, which attracted its investors through BNB Chain, first prevented investors from withdrawing their money. Later, the project moved $31.6 million of client assets to their wallets on the Ethereum and Tron network.
It appears the team behind the ponzi @DFintoch has likely exit scammed with 31.6m USDT on BSC after the funds were bridged to multiple addresses on Tron/Ethereum and
people reported being unable to withdrawFintoch advertised 1% daily ROI & claimed to be owned by Morgan Stanley pic.twitter.com/UD3KKfkG97
— ZachXBT (@zachxbt) May 23, 2023
Disclosure of the incident on Twitter, ZachXBT stated that the team page on the Fintoch website was completely fake. The crypto researcher stated that the name promoted as CEO is actually a paid actor.
42295
