Projektet starter med $31.6 millioner i påstået exit-svindel

A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users’ funds, according to on-chain detective, ZachXBT. 

In a thread, the crypto sleuth showed a diagram that detailed the movement of the funds. The on-chain detective alleged that the project had likely conducted an exit scam.

Det ser ud til holdet bag ponzien @DFintoch har sandsynligvis en exit snydt med 31.6 mio. USDT på BSC, efter at midlerne blev brokoblet til flere adresser på Tron/Ethereum og
folk rapporterede ikke at kunne trække sig tilbage

Fintoch annoncerede 1 % dagligt ROI og hævdede at være ejet af Morgan Stanley pic.twitter.com/UD3KKfkG97

— ZachXBT (@zachxbt) Maj 23, 2023

The fund promised a 1% daily interest for investments from users. However, users of the platform have started to indberette that they are now unable to withdraw their funds from Fintoch. 

In addition to this, while the project claims to be owned by Morgan Stanley, the investment banking company, nægtet any ties with the project through a statement. The firm said that Fintoch used its trademarks without any authorization and said that they do not assume any responsibility for transactions with the company.

The Monetary Authority of Singapore (MAS) also udstedt an alert against Fintoch earlier in May. According to MAS, the company “may have been wrongly perceived as being licensed or in any other way authorized or regulated by MAS.”

Apart from these, reports back in March tyder that the image used for the CEO of the company, called Bobby Lambert, actually belongs to a paid actor whose real name is Mike Provenzano.

Relateret: Kundemidler til en værdi af 3 mio. USD, der blev trukket gennem påstået Swaprum DEX-tæppetræk

In other news, the Federal Bureau of Investigation (FBI) has udstedt en advarsel regarding a recent surge in fraudulent crypto job advertisements. On May 23, the FBI advised United States citizens and individuals residing or traveling abroad to remain cautious, as these deceptive ads are often associated with labor trafficking.

In April, the crypto space experienced a continued surge in crypto exploits, exit scams, and flash loan attacks. According to blockchain security firm Certik, over $103 million in funds was stolen from various crypto projects and investors in the month.

Magazine: Amerikanske håndhævelsesmyndigheder skruer op for varmen på krypto-relateret kriminalitet

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• Kilde: https://cointelegraph.com/news/project-takes-off-with-31-6m-in-alleged-exit-scam