Social media crypto extortion scams involve fraudsters hacking into Instagram accounts and demanding that victims record a video of themselves promoting fake cryptocurrency platforms so that the victim’s Instagram account will be returned to them. The video is then posted on the victim’s Instagram account and the victim’s followers are then at risk of losing money if they make an investment using the fake cryptocurrency platform that is being promoted by the fraudster.
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If you send the scammer a video of yourself promoting cryptocurrency, the scammer will return your social media account to you and leave you alone.
If someone you know on social media sends you a message or posts about cryptocurrency investments, you should invest because they are in control of their social media profile.
Cryptocurrency investments that are promoted on social media are often fake.
If you are interested in investing in cryptocurrency, you should…