Crypto Influencer FatManTerra announced that it scammed investors out of more than $100,000 Bitcoin Bitcoin / US Dollar Through a fake investment scheme in two hours.
Fat Man Terra He said The purpose of the pseudo-investment plan was to experiment and raise awareness in an effort to show consumers the dangers of following investment advice from influencers without any prior understanding.
FatManTerra Support Terra Blockchain
Crypto influencer was supportive of Terra Blockchain before speaking out against him and his founder Do Kwon After it crashed in May, wiping out $40 billion of investors’ money.
He is followed by nearly 101,100 people on Twitter.
After gaining access to a high-yield Bitcoin farm, FatManTerra gave others the opportunity to share the opportunity to grow the crop in a tweet.
It took 2 hours to raise $100,000 through a dummy scheme
However, FatManTerra managed to raise more than $100,000 in Bitcoin through the initial post on Twitter and Discord in just under two hours, despite negative comments and allegations that he was promoting a scam.
The investment scheme was a complete hoax, according to a second tweet from FatManTerra, which also said its sole purpose was to highlight how easy it is to mislead people with terms and investment returns.
There are no shortcuts to success
FatManTerra said he wanted to let everyone in the crypto community know that anyone claiming to be able to give them free money is a liar and that influencers promoting golden investment opportunities or quick money trading tips are in fact scammers.
FatManTerra said his attempt at false fundraising was inspired by the Lady of Crypto Twitter account, which has been accused of encouraging shady investment schemes to its 257,000 followers.
On September 5, The Lady of Crypto released a whitelist of a recently funded coaching firm, stating that it could trade client funds on their behalf and split profits by 80-20.
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