FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme
FatMan Terra revealed in a Twitter thread how an unnamed “friend” pumped the Dock (DOCK) through billboard ads and BitBoy Crypto videos.
I thought it would be fun to share last year’s story when a friend of mine bought a billboard and a BitBoy Crypto video and saw him pumping sh * tcoin on Binance. I don’t know yet, but I found it fascinating to see it in real time. (1/9)
— FatMan (@FatManTerra) July 12, 2022
According to FatMan’s tweet, this unnamed friend wasn’t part of the DOCK team, but because “a smaller Binance coin (ie) pump is easy and doesn’t have to deal with crazy sales volumes.” I especially chose coins.
Sure enough, in the next few days, ads started to appear in London, New York and Amsterdam. There were a lot of nice pictures he sent me, but I couldn’t find all of them. Also, behold, the BitBoy video was uploaded a week later (June 7th), and a friend of mine said he paid $ 30,000. (5/9) pic.twitter.com/otNmHsEPuM
— FatMan (@FatManTerra) July 12, 2022
He continued that his friend bought BitBoy’s Sakura Video for $ 30,000. Watching the video, BitBoy revealed that the video was sponsored at the end when most viewers could have stopped watching it.
A friend also promoted the property to signs in places such as London, New York City, and Amsterdam.
In the days after my friend’s message arrived in group chat, the DOCK chart started to look like this … pretty insane. In front of me, I witnessed yet another example of how cryptography is manipulated and easy to manipulate. Today, the DOCK has declined by 80% since then. (8/9) pic.twitter.com/tKkaWgZbU2
— FatMan (@FatManTerra) July 12, 2022
This has significantly increased the value of the coin after all video shillings and billboard ads.
According to FatMan Terra, his friend’s ability to operate the market for less than $ 200,000 has shown that investors should not trust influencers to “sell hopium and make money.”
FatMan Terra did not reveal how much was made from the “pump and dump” scheme.
He also suggested that individuals controlling billions could be able to manipulate larger coins.
At the time of the press, Binance, BitBoy Crypto, and Dock did not respond to requests for comment.
According to the formula Website, Dock is a tool built for institutions to publish tamper-proof documents. The ecosystem’s native token is $ DOCK, which is listed on Binance, Huobi, and other top exchanges.
according to CryptoSlate According to the data, the DOCK reached an all-time high in May 2018 and is now 92.4% off this all-time high.
Meanwhile, the data also showed that it was trading 76.5% apart by metrics from that year to the present.
