# Larry Cermak: Bitclout Scheme Raises 2705 BTC By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7536 Published: 2021-03-18T07:10:04.000Z Updated: 2021-03-18T07:10:04.000Z Section: Investing > Larry Cermak, the Director of Research at The block, tweeted to warn against the social network Bitclout which is suspected of a scheme. According to a Bitcoin address tracked by him, Bitclout has so far been able to … Larry Cermak, the Director of Research at The block, tweeted to warn against the social network Bitclout which is suspected of a scheme. According to a Bitcoin address tracked by him, Bitclout has so far been able to raise 2,705 BTC, about $155 million. Click 'Read More' for details. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)