The Fintoch project may have turned out to be a SPAM

The team may have conducted an exit scam. As a result, they withdrew cryptocurrencies worth more than $ 30 million. This was reported by the user ZachXBT.

Details about the situation

Coins in USDT were transferred from the BNB crypto network to crypto addresses working in TRON and Ethereum. At the same time, the user ZachXBT, who is engaged in analytics in the crypto network, was informed that users cannot withdraw their funds from the project.

At the same time, the company said that it belongs to Morgan Stanley and guaranteed a daily profit from the invested funds in the amount of 1%.

At the same time, the company has recently begun to hold events in various countries. The analyst assumes that the crypto project is a Ponzi scheme. One of the founders is listed as Bob Lambert. However, when checking it turned out that it does not exist. He was played by an actor who was hired.

The analyst also drew attention to the fact that the Singapore Government and Morgan Stanley had previously made publications with warnings about such situations.

Recall that this month the creators of DEX Swaprum disappeared along with user funds. The amount of the loss amounted to $ 3 million. At the same time, the liquidity pools were emptied. The project worked on the Arbitrum L2 crypto network.

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