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Morgan DF Fintoch Exit scammed $31.6M, Says ZachXBT

Author: Qadir AK
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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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ZachXBT tweeted about Morgan DF Fintoch’s (an investment scheme) a possible exit scam. He reported, Morgan DF Fintoch promised a 1% daily ROI, claimed to be owned by Morgan Stanley. They may take 31.6M USDT on BSC (a BNB chain), funds transferred to Tron/Ethereum hindering withdrawals. Fintech’s team page lists “Bobby Lambert” as CEO, he is a paid actor. This is another “Red Flag” for investors. Morgan Stanley stated that Fintoch is using their trade name without permission and they aren’t responsible for any resulting transactions.

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