The scary reality of crypto scams on Instagram | Crypto

The scary reality of crypto scams on Instagram

-Crypto scammers are hijacking Instagram accounts by asking people to change their email address to one that the scammer has provided.
-Once the email address is changed, the account is hacked and the scammer begins posting fake screenshots and bank statements in order to dupe the person’s followers into investing in a scam token.
-Vivan D’Souza, a stock market trader from Jaipur, was scammed out of Rs 10,000 after falling for a fake Binance investment scheme.
-There is no surefire way to avoid being scammed on Instagram, but there are a few things that you can do to increase your chances of avoiding a sketchy situation.
-Some things to be wary of include fake accounts reposting actual posts made by legitimate businesses, and ads promoting ICOs or other cryptocurrencies.
-The best way to avoid falling for a scam is to search for legitimate sources and verify the information you’re reading.

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