https://behindmlm.com/companies/scf-collapses-withdrawals-disabled-china-exit-scam/
Fintoch appears to have wrapped up its exit-scam by disabling its website.
At time of publication attempts to visit Fintoch’s website return an “ERR_NAME_NOT_RESOLVED” DNS error.
This doesn’t appear to be a temporary error as I noted Fintoch’s website has been manually removed from Google’s search results.
Typically a previously accessible website can linger for up to a week in search results.
Fintoch was a Boris CEO Ponzi scheme that collapsed on May 23rd.
In an attempt to create as much distance from themselves and their victims, Fintoch continued to string investors along with techno babble about FTC tokens.
Fronting Fintoch were US actors Mike Provenzano and Joel Fry, playing CEO “Bobby Joe Lambert” and Chairman of the Board “William Thompson” respectively.
Fintoch last social media upload was on June 5th. It featured what is believed to be an old March 2023 video featuring Provenzano and Fry.
Provenzano otherwise disappeared from representing Fintoch in March 2023. Fry took over as the face of Fintoch the same month but hasn’t been seen since the late May collapse.
At time of publication Fintoch’s social media profiles, although abandoned, are still accessible. We’re assuming they’ll disappear shortly.
Fintoch is believed to be run by scammers hiding in Singapore during the Ponzi scheme’s run.
As of May 2023, SimilarWeb tracked top sources of Fintoch website traffic as the US (29%), Malaysia (13%), Vietnam (8%) and India (7%).
Total Fintoch investor numbers and how much they’ve collectively lost remains unknown.
Update 18th August 2023 – Fintoch is trying to reboot as Standard Cross Finance.
https://www.binance.com/en/feed/post/670066
As we know, Fintoch project, claiming "The exclusive blockchain security technology "HyBriid" allows users to enjoy true zero-risk blockchain investment" Under the name of Morgan Stanley, scammed millions of investors from all over the world.
From May 23, 2023, Fintoch stopped the withdrawal of all investors, after which it was claimed that Fintoch's own block chain has arrived and all landing borrowing contracts are now being migrated to the FTC block chain and from June 1st 2023 and the entire system will be back in place. and everyone will get withdrawal But there was nothing like that, it was just a lie!
Fintoch converted all investors money into a meaningless cash voucher without any investor's permission and investors were forcefully subscribed to the node.
Investors were told that Fintoch's block chain would come and the native token would be FTC and FTC would be mined. Whose reward will be given to everyone and everyone will be able to swap that reward
Despite doing such a big scam, Fintoch is continuously rotating investors with different types of temptations.
According to technical data, FINTOCH has not yet launched any block chain and Fintoch has also created its own native token FTC on BSC SMARTCHAIN of which the contract address is 0x4C3145CB6285eb269c37685e05Ff8C6684A70eC7
The initial score of this FTC Token was just 45/100 on Token sniffer, which has now further reduced to 25/100.
Common investor needs to understand that when any investor goes to swap FTC mining reward, he/she will get USDT by giving FTC
Whatever FTC reward is being generated, sufficient liquidity is required to swap it
USDT can be received only when sufficient liquidity is inserted in FTC Token and Fintoch is now asking its common investors to deposit this liquid into the system That means it is clear that Fintoch's FTC TOKEN is just a scam token which does not have enough liquidity and Fintoch is forcing its own investors to deposit liquidity so mental exploitation of investors has also been started.
Fintoch might be doing all this to avoid any legal action from cyber crime enforcement agencies
The common investor should avoid such scams and understand the crypto ecosystem, because of the ignorance of the crypto ecosystem, the common investor becomes a victim of the scam.
