Fintoch Reviews & News: Investors Can Trace Their Lost Funds (Update Released)

InvestorWarnings.com has issued a new update on the Fintoch case.

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Regulatory Warnings Against Fintoch

​Fintoch, a financial technology platform, has been the subject of multiple regulatory warnings across various jurisdictions due to concerns about its operations and lack of proper authorization.​

Alberta Securities Commission (ASC) Warning

On July 10, 2023, the Alberta Securities Commission (ASC) added Fintoch App to its Investment Caution List. The ASC noted that Fintoch is not registered to trade in or advise on securities or derivatives in Alberta. Investors are advised to avoid dealing with firms that are not registered, as there is no assurance of investor protection.

Monetary Authority of Singapore (MAS) Alert

The Monetary Authority of Singapore (MAS) included Fintoch in its Investor Alert List on May 4, 2023. This list comprises individuals or entities that may have been wrongly perceived as being licensed or authorized by MAS.

Swiss Financial Market Supervisory Authority (FINMA) Warning

FINMA maintains a warning list of companies and individuals who may be providing unauthorized financial services without the requisite supervision. While the specific date of Fintoch's inclusion is not detailed, its presence on this list indicates potential unauthorized activities within Switzerland.

Investor Caution

Given these regulatory warnings, investors are strongly advised to exercise caution when considering any dealings with Fintoch. Engaging with unregistered or unauthorized firms can lead to significant financial risks, including fraud and lack of legal recourse. It is crucial to verify the registration and authorization status of any financial service provider with relevant regulatory bodies before making investment decisions.​

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Facts About Fintoch

​Fintoch emerged as a peer-to-peer (P2P) blockchain financial platform, purportedly offering diversified financial services such as borrowing, investment, and financing. The platform claimed to utilize exclusive blockchain security technology named "HyBriid," aiming to provide users with zero-risk blockchain investments.

Alleged Affiliation with Morgan Stanley

Fintoch presented itself as being backed by the prominent financial institution Morgan Stanley. However, in May 2023, Morgan Stanley refuted these claims, stating that Fintoch was using its trade name and trademark without authorization. The firm clarified that it had no affiliation or relationship with Fintoch and disclaimed responsibility for any transactions or outcomes arising from the platform.

Promises of High Returns

The platform attracted investors by promising a 1% daily return on investment (ROI), equating to substantial returns over short periods. Such high and consistent returns are often indicative of Ponzi schemes, where returns to earlier investors are paid from the capital of newer investors rather than from profit earned.

Exit Fraud and Financial Losses

In May 2023, Fintoch executed an exit fraud, absconding with approximately $31.6 million in USDT from its users. The funds were transferred from the Binance Smart Chain to multiple addresses on the Tron and Ethereum networks. Users subsequently reported being unable to withdraw their investments, signaling a classic rug-pull scenario.

Fabricated Leadership

The purported CEO of Fintoch, identified as Bob Lambert, was discovered to be a fictitious persona portrayed by a paid actor named Mike Provenzano. This deceptive tactic further undermined the platform's credibility and highlighted the fraudulent nature of its operations.

Regulatory Warnings

Before the exit fraud, regulatory bodies had issued warnings about Fintoch. The Monetary Authority of Singapore (MAS) added Fintoch to its Investor Alert List in early May 2023, indicating that the firm might have been wrongly perceived as being licensed or authorized by MAS. ​

Rebranding Efforts

Following the fraud, Fintoch attempted to rebrand itself as Standard Cross Finance (SCF). Despite the new branding, the underlying fraudulent activities persisted, leading to further exit frauds, including a significant one involving the FinSoul (FSL) token in October 2023. ​

Fintoch serves as a cautionary tale in the cryptocurrency and decentralized finance (DeFi) space. The platform's fraudulent activities, including false affiliations, unrealistic return promises, and eventual exit frauds, underscore the importance of thorough due diligence and skepticism toward platforms offering high returns with minimal risk. Investors are advised to verify the legitimacy of platforms and remain vigilant against potential frauds.​

People who invested in the scheme can trace their funds here:

https://www.investorwarnings.com/warnings/get-expert-assistance-on-your-case/

Things To Consider When Investing Online

Online investing has revolutionized access to financial markets, allowing individuals to trade assets such as stocks, cryptocurrencies, forex, bonds, and real estate from virtually anywhere.

While this ease of access presents opportunities for financial growth, it also comes with inherent risks that require careful assessment. To make well-informed and secure investment decisions, investors should consider several critical factors before committing their funds.

The first and most crucial step in online investing is selecting a regulated and trustworthy investment platform. Regulatory bodies such as the SEC (U.S.), FCA (UK), ASIC (Australia), and CySEC (Cyprus) ensure that financial institutions operate within legal guidelines and provide investor protection.
Platforms that operate without regulatory oversight, especially in offshore jurisdictions, may pose significant risks such as fraud, hidden fees, and difficulty in withdrawing funds. Before signing up, it is essential to verify a platform's legitimacy by checking its licensing, reading user reviews, and researching its history.

Understanding the risks associated with online investments is equally important. Every investment carries an element of risk, and returns are never guaranteed. Factors such as market volatility, liquidity issues, frauds, and leverage trading risks can significantly impact investment outcomes.
Markets fluctuate, making asset prices unpredictable, and some investments may not be easy to sell when needed. Many fraudulent schemes lure investors by promising unrealistically high returns, only to result in substantial financial losses. Investors should assess their risk tolerance and only commit funds they can afford to lose.

Proper research is the foundation of successful investing. Before making any investment decision, investors should analyze market trends, study company financials, and review economic indicators. Reading a platform's terms and conditions, particularly concerning withdrawal policies and trading fees, is also crucial. Following financial news, expert insights, and independent reviews can provide valuable information to help investors make informed choices.
Neglecting proper research may lead to poor investment decisions, unexpected losses, or exposure to hidden fees.
Another fundamental principle in investing is diversification. Rather than putting all funds into a single asset, investors should distribute their investments across multiple asset classes to balance risk and reward. A well-diversified portfolio might include stocks and ETFs for long-term growth, bonds and fixed-income securities for stability, real estate for passive income, commodities like gold and oil as hedges against inflation, and cryptocurrencies for high-risk, high-reward potential. Diversification minimizes the impact of market downturns and helps safeguard financial stability.

Hidden fees and transaction costs can significantly reduce an investor's overall returns. Many online investment platforms impose trading fees, deposit and withdrawal charges, and inactivity fees, which investors should carefully review before selecting a platform. Comparing different platforms and their fee structures helps optimize costs and maximize net investment returns.

Payment security is another critical factor when investing online. Using trusted payment methods such as bank transfers, credit and debit cards, or reputable e-wallets like PayPal and Skrill ensures that transactions are traceable and secure. Investors should be cautious with platforms that only accept cryptocurrency payments, as these transactions are often irreversible and may not provide fraud protection in the event of a dispute.

Online investment frauds are widespread, and investors should remain vigilant against fraudulent schemes. Red flags include unsolicited investment offers, unverified platforms, unrealistic profit guarantees, and pressure tactics urging investors to act quickly. Fraudulent platforms often use aggressive marketing to create a sense of urgency, convincing investors to deposit money without thorough verification. If an opportunity sounds too good to be true, it likely is. To avoid falling victim to frauds, investors should conduct independent research, verify a company's regulatory status, and check for user reviews from multiple sources.

For long-term financial stability, adopting a well-structured investment strategy is crucial. While short-term trading may offer quick profits, long-term investments typically provide greater stability and consistent returns. Many successful investors rely on index funds and ETFs for diversified growth, dividend stocks for passive income, and dollar-cost averaging (DCA) strategies to reduce volatility risks. A patient, long-term approach to investing helps build sustainable wealth while mitigating the risks associated with impulsive trading decisions.

Investors must also understand the tax implications and legal responsibilities associated with their investments. Earnings from investments are often subject to capital gains tax, dividend tax, and foreign investment tax, depending on an investor's country of residence. Consulting a financial advisor or tax expert can help investors remain compliant with tax regulations while optimizing tax-saving opportunities.

Having a clear exit strategy is just as important as making sound investment choices. Investors should establish profit-taking targets, set stop-loss limits to minimize potential losses, and review their portfolios regularly to adjust their holdings based on market conditions. Without a well-defined exit plan, investors may struggle with emotional decision-making, leading to panic selling during market downturns or holding onto underperforming assets for too long.

For those new to investing or unfamiliar with market trends, seeking professional financial advice can be highly beneficial. Certified financial advisors provide personalized investment strategies, portfolio risk management, and legal and tax compliance guidance. Additionally, staying informed by joining investment communities, attending financial education webinars, and reading expert analyses can enhance financial knowledge and improve investment decision-making skills.

In conclusion, online investing offers tremendous opportunities for wealth creation, but it also requires caution, due diligence, and strategic planning. By choosing a regulated platform, understanding investment risks, diversifying assets, managing fees, securing transactions, and staying informed, investors can mitigate risks and increase their chances of long-term financial success.

Making well-informed investment decisions, remaining vigilant against fraud, and continuously improving financial knowledge is key to building a profitable and sustainable investment portfolio.

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About InvestorWarnings.com

InvestorWarnings.com is a leading platform that exposes fraudulent investment schemes in the cryptocurrency, forex, and financial sectors. Their mission is to educate consumers, assist fraud victims, and prevent further financial schemes through awareness and expert guidance.

This release was published on openPR.