Saturday, February 4, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

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

bitwolf by bitwolf
September 6, 2022
in Bitcoin
0 0
0
Home Bitcoin



Crypto influencer FatManTerra claims to have gathered over $100,000 price of Bitcoin (BTC) from crypto traders in an funding scheme that was later revealed as pretend. 

The crypto researcher mentioned he created the pretend funding scheme as an experiment and to show individuals a lesson about blindly following the funding recommendation of influencers.

The account on Twitter has round 101,100 followers and is usually identified for being a former Terra proponent that now actively speaks out against the project and founder Do Kwon following its $40 billion collapse in Could.

In a Sept. 5 tweet, FatManTerra instructed his followers he had “obtained entry to a high-yield BTC farm” by an unnamed fund, and mentioned that folks may message him in the event that they wanted-in on the yield farming alternative.

“I’ve maxed out what I may, so there’s some leftover allocation and I assumed I would move it alongside — precedence shall be given to UST victims. DM for extra particulars if ,” he wrote.

Whereas the submit obtained a ton of unfavorable responses from individuals calling it out as a rip-off, FatMan mentioned he nonetheless managed to boost greater than $100,000 price of BTC from the preliminary submit on Twitter and on Discord inside a span of two hours.

In a Sept. 6 tweet, FatManTerra revealed the funding scheme was pretend all alongside, describing it as an “consciousness marketing campaign” to point out how straightforward it’s to dupe individuals in crypto by utilizing easy buzzwords and promising huge funding returns.

“Whereas I used loads of buzzwords and placed on a really convincing act on all platforms, I made certain to maintain the funding particulars deliberately obscure — I did not title the fund & I did not describe the commerce — nobody knew the place the yield was coming from. However individuals nonetheless invested.”

“I wish to ship a transparent, robust message to everybody within the crypto world — anybody providing handy you free cash is mendacity. It merely would not exist. Your favourite influencer promoting you fast cash buying and selling teaching or providing a golden funding alternative is scamming you,” he added.

It’s far too straightforward to rip-off individuals in crypto.

And this wants to alter.

Should you do not perceive the place the yield is coming from, you’re the yield.

Hear rigorously to the vocal critics of any undertaking or funding earlier than getting concerned. *Actually* hear.

— FatMan (@FatManTerra) September 5, 2022

FatManTerra claims to have now refunded the entire cash and reiterated that “free lunches don’t exist.”

The notion of influencers allegedly selling scams has been within the information of late, with YouTuber Ben Armstrong (BitBoy Crypto) taking legal action towards content material creator Atozy final month for accusing him of selling doubtful tokens to his audiences, though he has since withdrawn the lawsuit.

Associated: Do Kwon breaking silence triggers responses from the community

FatManTerra additionally said that his pretend fund submit was impressed by the Girl of Crypto Twitter account which has been accused of shilling questionable funding schemes to its 257,500 followers.

On Sept. 5, the Girl of Crypto opened up a whitelist for his or her new funded buying and selling agency that touts it may commerce customers’ funds on their behalf and obtain an 80/20 break up on the income.



Source link

Related

Tags: 100KcryptoEasyfakehoursponziraisesResearchers
ShareTweetShare
bitwolf

bitwolf

Next Post
Kittynomica is Bringing A Positive Raise To The Meme Coin Market With Solana And Enjin Coin

Kittynomica is Bringing A Positive Raise To The Meme Coin Market With Solana And Enjin Coin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
Did US institutions prevail over Asian retail traders?

Did US institutions prevail over Asian retail traders?

February 4, 2023
The IBM–Maersk blockchain effort was doomed to fail from the start

The IBM–Maersk blockchain effort was doomed to fail from the start

February 4, 2023
‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

February 4, 2023
Why did Bitcoin price go down today? BTC traders brace for $23K retest

Why did Bitcoin price go down today? BTC traders brace for $23K retest

February 4, 2023

Recent News

Did US institutions prevail over Asian retail traders?

Did US institutions prevail over Asian retail traders?

February 4, 2023
The IBM–Maersk blockchain effort was doomed to fail from the start

The IBM–Maersk blockchain effort was doomed to fail from the start

February 4, 2023
‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

February 4, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs Polygon price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In