‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours

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A crypto investment scheme promoted by FatManTerra has been revealed as fake — and was created as a means to teach people to think twice about following the investment advice of an influencer.

In a Sept. 5 tweet, FatManTerra told his followers he had “received access to a high-yield BTC farm” by an unnamed fund, and said that people could message him if they wanted-in on the yield farming opportunity.

In a Sept. 6 tweet, FatManTerra revealed the investment scheme was fake all along, describing it as an “awareness campaign” to show how easy it is to dupe people in crypto by using simple buzzwords and promising big investment returns. “I want to send a clear, strong message to everyone in the crypto world — anyone offering to hand you free money is lying. It simply doesn't exist. Your favorite influencer selling you quick money trading coaching or offering a golden investment opportunity is scamming you,” he added.If you don't understand where the yield is coming from, you are the yield.

 

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