Twitter Fake Bitcoin Farm Raises $100,000 in Hours

A popular DeFi researcher on Twitter under the pseudonym FatManTerra came up with a fakeinvestment scheme and raised over $100,000 in bitcoin in a couple of hours.

Over 101,000 people have subscribed to FatManTerra. He is known as a former Terra supporter who is now actively opposing the project after its $40 billion collapse in May.

On September 5, he tweeted about allegedly gaining access to a “highly profitable bitcoin farm” from an unnamed fund, and invited subscribers to join farming.

FatManTerra deliberately did not disclose additional details of the investment scheme, however, even without this information, he managed to collect over $100,000 worth of bitcoins within a couple of hours.

“I want to send a clear message to everyone in the crypto world -anyone who offers you easy money is lying. Influencers who sell quick trading training or great investment opportunities are cheating you,” he added.

FatManTerra claims to have returned all the money to users.

He added that the experiment was inspired by the Lady of Crypto account, which was accused of promoting dubious investment schemes among 257,500 subscribers.

ForkLog previously reported that attackers hacked the Twitter account of the auditing firm PwC Venezuela to promote a fake XRP giveaway on behalf of Ripple CEO Brad Garlinghouse.

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