According to TechFlow, on-chain analyst ZachXBT tweeted that the blockchain financial platform Fintoch is suspected of being a Ponzi scheme. It is understood that the team behind the project defrauded users of 31.6 million USDT on BNB Chain and bridged the funds to multiple addresses such as Tron and Ethereum. In addition, users also reported that they were unable to withdraw cash.

Fintoch advertises itself as a blockchain financial platform created by Morgan Stanley, promising users a 1% return on investment every day. But in fact, the CEO "Bobby Lambert" listed on the team page of Fintoch's website does not exist, but is a paid actor. Previously, the Singapore government and Morgan Stanley had warned about this investment plan. All the above signs indicate that Fintoch may be a fraud, and investors need to be vigilant.