Beware Of Morgan DF Fintoch: Team May Have Exit Scammed With $31.6 Million
Key Points:
- 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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Want to 5X your Crypto Portfolio? Invest in InQubeta (QUBE), Dogecoin (DOGE), and VeChain (VET) Now
The cryptocurrency world has moved past the days of focusing on Bitcoin, especially for those looking to 5X their portfolio. Diversifying their crypto portfolios is vital for investors who intend to earn huge profits from their crypto investments. Hence, investors are now seeking altcoins with potential that have yet to experience significant growth.
InQubeta (QUBE) is a newbie altcoin that has caught the attention of investors with its ongoing successful presale, making it the perfect cryptocurrency for beginners and crypto investors in the market. Its involvement with AI makes it a unique investment option. Dogecoin and VeChain are two other tokens investors think might be able to boost portfolios.
Dive in to find out why InQubeta, Dogecoin, and VeChain could be a great start if you want to 5X your portfolio now.
InQubeta (QUBE) is the intersection of AI technology and crypto.
InQubeta (QUBE) is the best crypto token for investors looking for growth and innovation. It combines the power of blockchain and smart contracts to create a secure and democratic investment ecosystem. The QUBE platform is the world’s first crowdfunding platform that allows investors to use QUBE tokens to make fractional investments in AI start-ups. AI is the next best thing everyone is currently raving about, and QUBE focuses on empowering the growth and success of AI technology start-ups.
QUBE is a deflationary ERC20 token that is part of the QUBE platform. Holders of this token can invest in projects. The platform houses an NFT marketplace where AI start-ups can offer rewards and equity-based NFTs. They can also raise funds and engage with their community.
Traditional methods of investing can be inefficient and inaccessible to many people. That’s why the InQubeta marketplace exists, it’s a place for seamless and efficient investment process that benefits both the investors and startups. The best part about investing in QUBE is that the platform allows you to invest in a way that fits your budget, so you don’t have to worry about investing all you have. If you invest early, you enjoy the benefits of being an early backer.
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Dogecoin (DOGE) is the trend-dependent meme coin.
Dogecoin (DOGE) is an open-source altcoin created in December 2013 by Billy Markus and Jackson Palmer as a Bitcoin alternative. The idea behind Dogecoin was a popular meme involving a Shiba Inu, a Japanese dog breed.
In 2018, many investors flocked to Dogecoin because of a craze for a cheaper Bitcoin option. The DOGE platform is a good payment platform because of its transaction time and low fees.
Dogecoin is a trend-dependent altcoin; some of its significant price increases in the past have been caused by Elon Musk’s tweets. The coin has an active community, is available on many exchanges, and is supported by multi-currency wallets.
VeChain (VET) The dwindling business-based platform
VeChain (VET) is a blockchain platform founded in 2015 that works towards providing B2B solutions for business processes like supply chain management, automation, anti-counterfeiting, etc. It uses two cryptocurrencies: VeThor (VTHO), which is needed to pay transaction fees, and VeChain (VET), the native coin.
The VeChain platform is one of the pioneers in developing and implementing blockchain solutions that help with retail sales and authenticity tracking. It provides blockchain as a service (BaaS), software as a service (SaaS), and platform as a service (PaaS).
Conclusion
InQubeta, Dogecoin, and VeChain are excellent crypto projects for anyone looking to 5X their portfolio. Especially with InQubeta, a relatively new token, investors get to boost their portfolios while enjoying the benefits of joining early.
InQubeta offers the best cryptocurrency for beginners and veterans that features AI, a fast-progressing phenomenon investors are vying to dive into. Investors looking to 5X their portfolio should dive into this ERC20 token, as it provides an excellent opportunity for maximum gains. The presale is live and could be a good opportunity to purchase QUBE tokens at a lower price.
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