Hack history / 2023 / Fraud
Fintoch
Fraud on May 24, 2023 · Scam
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$31.6M
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked
What happened
The team behind Fintoch, a blockchain financial platform, is suspected of being a Ponzi scheme. It defrauded users of 31.6 million USDT on BNB Chain, and the funds were bridged to multiple addresses on Tron and Ethereum. Users reported that they could not withdraw funds. Fintoch advertises that it is a blockchain financial platform built by Morgan Stanley, and users can get 1% return on investment every day. The team page on the Fintoch website refers to "Bobby Lambert" as its CEO, when in fact he doesn't exist and is a paid actor. Earlier, the Singapore government and Morgan Stanley both issued warnings about the investment plan.
Details
- Date
- May 24, 2023
- Kind
- Fraud
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- not stated
- Chains
- not stated
Reported by
Related incidents
Fintoch scammers strike again with $1.6 million FinSoul scam 2023 · Scam · $1.6M
JPEX 2023 · Hack or exploit · $194.3M
iEarn Bot 2023 · Scam · $1.3M
Waifu AI World 2023 · Scam · undisclosed
JPEX 2023 · Hack or exploit · $194.3M
iEarn Bot 2023 · Scam · $1.3M
Waifu AI World 2023 · Scam · undisclosed
Cite this page
SwanBluechip, "Fintoch fraud, May 24, 2023: $31.6M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9bd1ab9d89/ (data as of 2026-11-01).