According to ChainCatcher, on-chain analyst ZachXBT tweeted that the team behind the blockchain financial platform Fintoch is suspected to be a Ponzi scheme. It defrauded users of 31.6 million USDT by withdrawing from BNB Chain. The funds were bridged to multiple addresses on Tron and Ethereum, and users reported that they were unable to withdraw funds.
Fintoch promotes itself as a blockchain financial platform built by Morgan Stanley that allows users to earn a daily 1% return on investment. The “Bobby Lambert” CEO on the website team introduction page does not actually exist and is a paid actor. Previously, the Singapore government and Morgan Stanley both issued warnings about this investment plan. (Source link)
