Fintoch recently exit scammed with 31.6 million USD , They had something in common with Bitconnect, both promised 1% daily interest.

Fintoch which falsely claimed to be owned by Morgan Stanley and had a fake ceo scammed the users of 31.6 million usdt.

The CEO didn't even exist and was just a paid actor , and Morgan Stanley even warned against the scheme but it didn't amount to anything.

Fintoch has a lot of similarities with bitconnect in how it operated.

Both of them offered 1% daily ROI and Fintoch recently held an expo in Dubai similar to what Bitconnect used to do.

You can still see paid articles published about them about how they are bringing cutting edge technology into the financial world and changing the way cross border payments are done.

All of which is ofcourse a farce.

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It's sad to see that even after so many years of bitconnect and considering how widely known that scam is , nothing has changed.

Scammers with the same model keep trapping financially illiterate people while authorities look the other way.