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An 'honest' crypto scam pockets $100,000 in Bitcoin

Crypto whistleblower "FatMan" wanted to show how easy rip-offs work and collected more than $100,000 in Bitcoin for his fake offer.

By Mike Hesp
• 2 min read
An 'honest' crypto scam pockets $100,000 in Bitcoin

Crypto-whistleblower "FatMan" wanted to show how easy rip-offs work and collected more than 100,000 US dollars in Bitcoin for his fake offer.

Crypto-whistleblower FatMan stirred irritation in his Twitter community with an obscure investment offer. In a post published on September 5, View post on X the Terra-critic advertised a so-called lucrative investment opportunity. Interested parties could contact him via a direct message.

Later FatMan wrapped the action as a "View post on X" to draw attention to scams in the crypto space. With success: according to FatMan he received in two hours more than 100 DMs, 3.45 Bitcoin via Twitter and two Bitcoin via Discord. A total of "more than 100,000 US dollars".

In addition, FatMan left the background completely open: "I used a lot of buzzwords and looked very convincing on all platforms, but I deliberately kept the investment details in the dark. 'I didn’t give the fund a name and didn’t describe the trade. Nobody knew where the return came from. But people invested anyway'.

With the stunt, he wanted to "send a clear and strong message to everyone in the crypto world," FatMan said. "Anyone who offers you free money lies. It doesn't exist. Your favorite influencer who sells you trading coaching for quick money or offers you a golden investment opportunity will lie to you." He has since said he paid back the money."

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