Crypto Influencer FatManTerra refunded over $100,000 acquired from crypto customers seeking to purchase into his “made-up” funding scheme that was a canopy for sending an academic message to the neighborhood on crypto scams.
FatMan took to Twitter to trick his followers by pitching a faux funding scheme. He needed to gauge their response to crypto funding scams.
Obtained entry to a high-yield BTC farm primarily based on a personal carry commerce operated by an up-and-coming fund. I’ve maxed out what I might, so there’s some leftover allocation and I believed I’d cross it alongside – precedence will probably be given to UST victims. DM for extra particulars if .
— FatMan (@FatManTerra) September 5, 2022
In lower than 2 hours of sharing the chance, he had acquired over $100,000 from customers who fell for the trick. He raised 3.45 BTC from customers on Twitter and a pair of BTC from his Discord neighborhood.
Impressed by Woman of Crypto, some time in the past I pitched my very own funding scheme to Twitter…
In two hours, I acquired over 100 DMs. I raised 3.45 BTC from Twitter and a pair of BTC from Discord – over $100k, with extra requests flooding in by the minute.
However there’s a bit of twist.
— FatMan (@FatManTerra) September 5, 2022
FatMan has refunded the cash and famous that his intention was to show the crypto neighborhood to be cautious of influencers promising alternatives which might be too good to be true.
I’ve refunded each one who despatched cash in full.
There was no funding.
Danger-free excessive yields don’t exist.
Free lunches don’t exist.
Influencers have began scamming on Twitter, and earlier than extra of them crop up, I would like them to know:
We’ll work to take you down.
— FatMan (@FatManTerra) September 5, 2022
FatMan’s method to marketing campaign in opposition to funding scams reiterates the age-long warning to crypto traders:
“There is no such thing as a free launch in crypto,in the event you don’t perceive the place the yield is coming from, you’re the yield”
