Crypto influencer Fatman went to prove that it’s far too easy to scam people in crypto. And he totally did!

Crypto influencer Fatman, known for his scandalous posts (and whose adventures we wrote about here and here), decided this time to hold a rather unexpected educational campaign for his subscribers. First, he raised $100,000 in a fake cryptocurrency scheme, then gave everyone the money back.

So, what was it?

The purpose of such a campaign was to show how naïve and careless most users are, as well as how easy it is to raise money from the influencer by taking advantage of his readers’ trust.

FatMan deliberately used a lot of buzz words, intriguing his subscribers with incredible opportunities while demonstratively hiding all the important information for investors (such as the payback period). He did not name the fund that raised the money, did not provide details about how the income was generated and did not specify when he would pay the money back.

However, all this did not alert people, and they were happy to invest money in a suspicious project without asking too many questions. So far, everyone who sent money has 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, and that you need to think with your head, not just transfer money for beautiful promises.

What was the conclusion?

In a couple of days, FatMan was able to get 3.45 BTC from his Twitter followers and 2 BTC from his Discord users. The total amount of investment was more than $100,000, and new requests keep coming in from people, which FatMan refuses to accept because of the end of the experiment. 

He ironizes that even this public action didn’t help much — new people are still writing and asking him to take their money to “invest it somewhere.”