Since the app was developed, it was just a place to share pictures and memories with your followers and friends but now everything has changed. ID thieves try to promote fake products and brands, scam the audience, or steal the profiles of users. The major concern is that people on Instagram often compare their lifestyles with others. They are easily fantasized about others’ lifestyles. Scammers post luxurious lifestyles and pictures to attract users’ attention and they pretend to be rich because they do so called business. However, this is not actually true. They offer opportunities for people to buy bitcoins from them or to invest money in forex trading. And in return they do scams. Instagram scammers usually do this by stealing the real identity of influencers and repurposing their data for their benefit. They direct messages (DM) from their fraud profiles to innocent people and ask for money by providing them with fake financial schemes and molding their thinking to purchase crypto from them.
It becomes very difficult for people to differentiate between the real one and the fake one and they usually fall into the scammer’s trap. It’s worth mentioning a case, about Yusko, who’s the chairman of Morgan Creek Capital Management andhe noticed several fake accounts running in his name. Scammers are going crazy in getting money and they don’t even care about disgracing or using someone’s name for their benefits.
I guess imitation is the sincerest form of flattery, but this type of nonsense to try and scam people is crazy@instagram is absolutely awful at policing scams and makes reporting them a nightmare…
I rarely use IG (mwyusko) and I will NEVER ask you for money or crypto