DF Fintoch, a relatively unknown cryptocurrency project, is suspected of conducting an exit scam and absconding with $32 million of user funds. The project, which claimed to be affiliated with Morgan Stanley and promised a daily return of 1%, has been exposed by crypto investigator ZachXBT.

Morgan Stanley has denied any affiliation with the project and the CEO, Bob Lambert, is suspected to be a fake identity, with a picture of actor Mike Provenzano being used instead. Many investors have reported being unable to withdraw their funds and the Monetary Authority of Singapore has added the project's website to its investor alert list.