Crypto

FatManTerra educates community on crypto scams by creating fake investment scheme

Crypto Influencer FatManTerra refunded over $100,000 received from crypto users looking to buy into his “made-up” investment scheme that was a cover for sending an educational message to the community on crypto scams.

FatMan took to Twitter to trick his followers by pitching a fake investment scheme. He wanted to gauge their response to crypto investment scams.

In less than 2 hours of sharing the opportunity, he had received over $100,000 from users who fell for the trick. He raised 3.45 BTC from users on Twitter and 2 BTC from his Discord community.

FatMan has refunded the money and noted that his intention was to teach the crypto community to be wary of influencers promising opportunities that are too good to be true.

FatMan’s approach to campaign against investment scams reiterates the age-long warning to crypto investors:

“There is no free launch in crypto,if you don’t understand where the yield is coming from, you are the yield”

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