Fintoch
A DeFi platform that falsely claimed backing by Morgan Stanley and used a paid actor as a fictitious 'CEO' while promising 1% daily returns. In May 2023 it exit-scammed roughly $31.6M, with on-chain investigator ZachXBT tracing funds bridged to Tron and Ethereum.
Also known as: Fintoch, Morgan DF Fintoch
Summary
Fintoch (also "Morgan DF Fintoch") was a purported decentralized-finance investment platform that promised about 1% daily returns and falsely claimed to be owned by the investment bank Morgan Stanley. Reporting found its named CEO, "Bob Lambert," did not exist and was represented by a paid actor. [1][2]
Exit scam
On May 22, 2023, on-chain investigator ZachXBT reported that about $31.6 million in USDT had been bridged from BNB Chain to multiple addresses on Tron and Ethereum as users found they could no longer withdraw — an apparent exit scam. Morgan Stanley publicly denied any affiliation, and the Monetary Authority of Singapore had earlier placed Fintoch on its investor alert list. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
People & entities involved
Sources (2)
- Project takes off with $31.6M in alleged exit scam — Cointelegraph
- Explained: The Fintoch Rug Pull (May 2023) — Halborn
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.