FatManTerra educates community on crypto scams by creating fake investment scheme
crypto influencer Fat Mantera Refunded over $100,000 received from crypto users looking to purchase his “made-up” investment scheme, which was a cover for sending educational messages about crypto scams to the community.
Fat Man is twitter Trick your followers by selling you fake investment plans. He wanted to assess their reaction to the crypto investment scam.
Received access to a high-yielding BTC farm based on private carry trades run by up-and-coming funds. I did the best I could so I thought I’d take it over as I have some quota left – priority will be given to his UST victims DM if interested for details.
— Fat Man (@FatManTerra) September 5, 2022
Less than two hours after sharing the opportunity, he received over $100,000 from users who fell for the trick. He raised his 3.45 BTC from his Twitter users and from the Discord community he raised 2 BTC.
Inspired by Lady of Crypto, I pitched my investment plans on Twitter a while back…
I received over 100 DMs in 2 hours. We raised 3.45 BTC from Twitter and 2 BTC from Discord. This brought him over $100,000, with more requests pouring in by the minute.
But there is a little twist.
— Fat Man (@FatManTerra) September 5, 2022
FatMan refunded the money, pointing out that his intention was to teach the cryptocurrency community to beware of influencers who promise opportunities too good to be true.
I gave a full refund to the person who sent the money.
There were no investments.
High yields without risk do not exist.
Free lunch does not exist.
Influencers are starting to scam on Twitter. Before any more scams occur, please know the following:
we work to beat you.
— Fat Man (@FatManTerra) September 5, 2022
FatMan’s approach to campaigning against investment fraud echoes a longstanding warning to cryptocurrency investors.
“There are no free launches in cryptocurrencies. If you don’t understand where the yield is coming from, you are the yield.”
