- The team behind Morgan DF Fintoch may have exited scammed with 31.6m USDT on BSC; investors cannot withdraw their funds.
- Red flags were raised with the use of a well-known brand name, a paid actor as CEO, and bold claims of a 1% daily ROI.
- The Singapore Government and Morgan Stanley previously warned about this investment scheme.
Potential exit scam by Morgan DF Fintoch; may have exit scammed with 31.6m USDT on BSC. Investors were unable to withdraw funds. Red flags were raised. Singapore Government & Morgan Stanley issued warnings.
Recently, ZachXBT reported on Twitter about a potential exit scam by the team behind Morgan DF Fintoch, an investment scheme that claimed to offer a 1% daily ROI and claimed to be owned by Morgan Stanley.
According to reports, the team behind Morgan DF Fintoch may have exited scammed with 31.6m USDT on BSC. Funds were reportedly bridged to multiple addresses on Tron/Ethereum, and investors are now unable to withdraw their funds. This is certainly alarming news, and it highlights the need for caution when investing in any scheme that seems too good to be true.
The team page on the Fintoch website names “Bobby Lambert” as the CEO, who is actually a paid actor. This is yet another red flag that should have raised suspicions among investors. Doing thorough research before investing in any scheme, especially one that makes bold claims and uses a well-known brand name to gain credibility is crucial.
It is worth noting that both the Singapore Government and Morgan Stanley have previously issued warnings about this investment scheme. In a statement, Morgan Stanley clarified that Fintoch is using its trade name and/or trademark without authorization, and they do not assume responsibility for any transactions or results that may arise from the platform.
Please note that Fintoch is using Morgan Stanley’s trade name and/or Morgan Stanley’s trademark or a variation thereof without authorization and we do not assume any responsibility for any transactions or results that may arise from the aforesaid platforms. Morgan Stanley does not have any affiliation or relationship with these platforms.Morgan Stanley wrote in a notice.
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