The DeFi platform disappeared with over $30M of users' assets after claiming it was affiliated with multinational banking giant Morgan Stanley.
31.6 million worth of Tether to multiple addresses on the Tron and Ethereum networks on May 22 around 12:58 pm UTC. The platform’s move caused panic among investors as they reported being unable to withdraw their assets.
Following Fintoch’s silence on the withdrawal issue, several users flocked to the comment section of the platform’s last tweet, published on May 23, demanding an explanation. Users who tried to reach out to the company via its customer support channel were greeted with automated responses.
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