ZachXBT, an analyst on the chain, tweeted that the team behind the blockchain financial platform Fintoch was suspected of a Ponzi scheme, defrauded users of 31.6 million USDT by withdrawing from the BNB Chain, and the funds were bridged to multiple addresses on Tron and Ethereum. Unable to withdraw money. 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 names "Bobby Lambert" as the CEO, when in reality he doesn't exist and is a paid actor. Earlier, the Singapore government and Morgan Stanley both issued warnings about the investment plan.