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Twitter user @Glaive has done a pretty comprehensive analysis and has tied the founders of FINACOIN to another well-known Nigerian scam. McAfee must not be doing any due diligence on this stuff.

John, as nice of an idea as this ICO sounds, I've confirmed Finacoin to be a scam ran by a Nigerian with a previous record of both ICO scams as well as typical 419 money forward scams. First I looked at the list of other domains using his same two Cloudflare nameservers: pic.twitter.com/OTZJxAwguf

— Glaive (@MrGlaive) January 5, 2018

Go to the Tweet to read all the various details. It's well done.

McAfee is finally recognizing the blatantly scammy nature of his FINACOIN recommendation. Here's his Tweet:

I have been presented with evidence that the FINA ICO was organized by an individual associated with a known Nigerian criminal organization. I have no proof that they will not follow through and list the coins or develop a product, but I must withdraw my support. Details coming.

— John McAfee (@officialmcafee) January 10, 2018