A fake token was issued for a user named “FatMan”, which is well known to LUNA investors. As a result of a crisis in the Terra ecosystem, FatMan is known for passing on insider information to the community. Here are the details…
Fake token launched targeting LUNA investors
FatMan has become a popular personality within the crypto community and even a bigger celebrity within the Terra community, as we reported on Kriptokoin.com. It exposes information and even gets insider intelligence. It reveals what happened at TFL and Do Kwon regarding the collapse of Luna and UST. Now, it seems to have caught the attention of scammers. In a recent Twitter post, FatMan warned his followers to be careful before sending money to potential scammers using his name.
A token named FatMan was launched
It turned out to be a token created by fraudsters and named after FatMan. It is already traded on Astroport. FatMan shared a screenshot showing the token named “FatMan”. However, he clarified that he is not affiliated with it and does not plan to issue any tokens. This means that the person who created the FatMan token and put it on Astroport is a scammer and should be ignored.
FatMan continued to warn his followers. He said that the creator of the FatMan token is likely to steal his investors’ money and disappear. All they have to do is withdraw liquidity and dump the tokens. Since there are no other details about the creators of the token, it is thought that it will not be possible for the victims to get justice. According to their previous posts, FatMan is trying to help the victims of the Luna and UST collapses get justice and reimburse their lost investments. It even plans to launch a new Terra validator whose profits will be used to compensate victims of the UST collapse.
“FatMan” reputation tarnished
According to one user’s statements, it’s possible that bad actors are trying to discredit FatMan by creating a scandal on his behalf. This may be due to Terra, Do Kwon’s and Terra’s growing reputation following his pursuit of the truth about the affiliates he said were responsible for their collapse and the loss of over $40 billion in investor funds.
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