Fake Bitcoin Farm Collects $100,000 in Few Hours on Twitter

A popular Twitter DeFi researcher under the pseudonym FatManTerra has found a fake investment scheme as part of an experiment and has raised more than $100,000 in Bitcoin in a couple of hours.

Over 101,000 people are 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.

Last 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, but even without this information, he managed to collect over $100,000 worth of Bitcoins within a couple of hours.