Fintoch Ponzi / exit scam
Fintoch ('Morgan DF Fintoch') operated on BNB Chain, claimed Morgan Stanley affiliation, and advertised 1% daily returns. ZachXBT reported the team withdrew about $31.6M in USDT in May 2023; a related arrest later occurred in Bangkok.
Also known as: Fintoch, Morgan DF Fintoch, Bobby Lambert
Summary
Fintoch, also branded "Morgan DF Fintoch", operated from approximately December 2022 to May 2023 on BNB Chain and presented itself as a DeFi investment platform. It claimed affiliation with Morgan Stanley and advertised returns of 1% per day. [2][3] In May 2023, ZachXBT reported that the team withdrew about $31.6 million in USDT and bridged it to multiple addresses on the Tron and Ethereum networks as users reported being unable to withdraw. [1][2]
Reported misrepresentations
Reporting indicates the claimed Morgan Stanley affiliation was false and that the platform's stated CEO was portrayed by a paid actor. [3] Singapore's Monetary Authority and Morgan Stanley published warnings about the platform before its collapse. [3]
Outcome
Thai authorities later arrested a Chinese national in Bangkok in connection with the scheme, according to reporting. [2]
Bracketed numbers refer to the numbered sources listed below.
Sources (3)
- ZachXBT investigation thread — ZachXBT (X)
- Bangkok Arrest Exposes $31 Million Crypto Ponzi Scheme — BeInCrypto
- Explained: The Fintoch Rug Pull (May 2023) — Halborn
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jun 15, 2026. View revision history.
