Crypto assets provide higher profits than traditional investments but with proper investment plans and actions. It is one of the areas where an investor could make over 100% gains with less stress despite the high volatility of the tokens.
More people are taking up every opportunity they see to plunge in their funds and money. Unfortunately, in most cases, they fail to conduct intensive research on the products or crypto coins they are jumping into. This has given the bad actors more leverage to scam and carry out rug pull activities.
Recently, a fake Ponzi scheme raised over $100,000 worth of crypto tokens. The scheme achieved this feat in just a few hours. According to the report, the famous crypto influencer FatManTerra created the fake scheme.
The influencer, a notable community member, disclosed via Twitter his intention to raise funds through the scammy act.
Desperation For Profits Make Crypto Scams Easy
From the influencer’s original tweet, FatManTerra posted about getting access to a high-yield BTC farm on a private trading basis. He mentioned that the farm operates through an upcoming fund from which he has benefited.
Hence, he is disclosing the opportunity for others to partake, especially victims of UST. He adds that interested investors should send DM to him for details of the investment. The influencer noted that he has been receiving several messages from people requesting his assistance and details.
FatManTerra reported that…
