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Cryptocurrency influencer raised $100,000 worth of BTC and returned the money to users

A member of the Terra community, known as FatMan, raised more than $100,000 worth of BTC in a few hours as part of a fake cryptocurrency scheme, and then returned the funds to gullible users.

The well-known cryptocurrency influencer FatMan wrote on Twitter that he decided to conduct an experiment. He announced the launch of an investment scheme in bitcoin and received more than a hundred private messages in just two hours. He managed to raise 3.45 BTC from Twitter followers and 2 BTC from Discord users. The total investment has been over $100,000, and more requests continue to come in from people.

FatMan deliberately used a lot of buzzwords while hiding important information for investors. He did not name the fund, did not provide details about transactions and income generation. However, this did not alert people, and they invested in a dubious project without asking questions. Everyone who sent money received it back in full, FatMan said. He explained that he just wanted to show people that risk-free and high-yield investments do not exist.

“Know this: Any person you know who sells quick trading training or offers a great investment opportunity is cheating you. Scammers like Do Kwon are constantly going free, scamming people. If you do not understand where the income comes from, then it is taken from your pocket. Before joining any project, get the opinion of critics. There are no free lunches,” wrote FatMan.

In June, FatMan charged Terraform Labs CEO Do Kwon with market manipulation, insider trading and tax evasion. Binance CEO Changpeng Zhao has directed the exchange’s investigation team to look into the allegations made by the insider.

Source: Bits

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