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Fintoch - Scam From the Start
Fintoch, a collapsed DeFi Ponzi scheme, has resulted in the disappearance of over $30 million in investors' funds. Despite efforts to downplay the situation, Fintoch will not make a comeback, as it was recognized as one of the most blatant scams in DeFi. Recent revelations discredited their claims, including their affiliation with Morgan Stanley. Regulatory warnings were issued, and Certik labeled Fintoch an Exit Scam. The exposure of actors posing as high-level executives further revealed the deception. The draining of $31 million left investors with significant losses. This highlights the importance of transparency in DeFi and the need to choose reliable platforms in the current crypto market.
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⚠️Disclaimer: This content references opinion and is for information and entertainment purposes only. Not intended to be professional or investment advice. There are significant risks in trading and passive income companies/platforms/projects/bots/smartcontracts/etc. Risk capital only, a total loss of funds is a real possibility.
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#DeFi #PassiveIncome #RiskCapital
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