PANews reported on May 24 that chain analyst ZachXBT tweeted that the team behind the blockchain financial platform Fintoch was suspected of being a Ponzi scheme and defrauded users of 31.6 million USDT on BNB Chain, and the funds were bridged to Tron and Ethereum. For multiple addresses, users reported being unable to withdraw funds.
Fintoch promotes it as a blockchain financial platform built by Morgan Stanley, and users can earn 1% daily return on investment. The team page on the Fintoch website lists "Bobby Lambert" as its CEO, when in fact he does not exist and is a paid actor. Previously, the Singapore government and Morgan Stanley both issued warnings about this investment plan.
