In a stunning turn of events, the team behind the high-yield investment program (HYIP) known as DFintoch is suspected of orchestrating an exit scam, leaving investors dismayed and questioning the project’s legitimacy.



The alleged scam involved a disappearance of approximately $31.6 million USDT on the Binance Smart Chain (BSC) after funds were transferred to multiple addresses on Tron and Ethereum, ultimately rendering investors unable to withdraw their money.



News of the potential scam began circulating when prominent cryptocurrency commentator ZachXBT took to Twitter to raise the alarm. The tweet suggested that DFintoch, which touted a daily return on investment (ROI) of 1%, had abruptly ceased operations and vanished with substantial investors’ funds.




It appears the team behind the ponzi @DFintoch has likely exit scammed with 31.6m USDT on BSC after the funds were bridged to multiple addresses on Tron/Ethereum and people reported being unable to withdraw Fintoch advertised 1% daily ROI & claimed to be owned by Morgan Stanley pic.twitter.com/UD3KKfkG97 — ZachXBT (@zachxbt) May 23, 2023




Adding to the deception, DFintoch had purportedly claimed to be owned by renowned financial institution Morgan Stanley, further enticing unsuspecting investors.



The Fintoch website’s team page falsely lists “Bobby Lambert” as the CEO, even though he is a fabricated persona portrayed by a paid actor. The Singapore Government and Morgan Stanley have previously issued cautionary advisories regarding this investment scheme.



It is crucial to note that the CEO mentioned on the website is a fictional entity, not an individual leading the company.



Exit scams have unfortunately become a recurring issue within the cryptocurrency industry, leading to significant financial losses and eroding trust among participants.



These incidents underscore the importance of conducting thorough due diligence and exercising caution before investing in high-yield programs that make grandiose promises while leveraging the reputation of well-known brands.



As the investigation into the alleged exit scam of DFintoch progresses, affected investors are left grappling with losing their hard-earned funds. This incident is a stark reminder that, despite the potential for substantial gains, the cryptocurrency market remains vulnerable to exploitation and scams, necessitating constant vigilance and prudent decision-making.