Cyber-Forensics.net
Cyber Forensic Specialist
Scammers are impersonating Instagram users to push bitcoin scams. They create fake accounts using stolen pics and launch fraudulent trade investment schemes.
— Timothy Benson
SOFIA, BULGARIA, February 25, 2022 /EINPresswire.com/ — Key findings by leading fraud prevention companies report Instagram users losing more than $80 million. This resulted from a bitcoin investment scam that scammers successfully ran between October 2020 and March 2021. And the new wave of this digital theft continues to fool millions of users.
Cyber-Forensics.net, an industry leader in cyber forensics services for online scam victims, reveals: “scammers rely on social media to steal photos and videos to create fake profiles and lure victims by promising huge returns on bitcoin investment.” But this is just a ruse to steal money.
Earlier this month, an Instagram user, Jason Sallman who describes himself as a “bitcoin-evangelist,” discovered his profile being used by more than a dozen imposters to push bitcoin scams. Sallman estimates, “there’s a little function inside of Instagram where the account can be reported. And sometimes it could take them as little as two hours to respond,…
