I wonder how people are still falling for this scam, to believe and depend on someone they have never seen or known before, this type of scam is common on almost all social media platforms if not even all, where scammers will strategically and professionally impersonate people that do not know much or not yet fallen into such scam before.
Whitestream, which serves large institutions such as Israeli Ministry of Defense and global cybersecurity firm VERINT, discovered the scams on the social media platform Instagram. The Instagram accounts are designed to look like they’re from America or Europe, but Whitestream was able to track down that they actually originated from another country.
The scams, which target new crypto users, look very close to other widespread cryptocurrency scams. The scammers ask users to send bitcoin (BTC, -4.66%) directly to them, promising profits, but instead run away with the money.
As for me, I do not focus on the country this scam is originating from because it can be from any other country in the world, what most concern me is for people to learn and educate themselves on how to avoid such scam, people should not trust anyone on social media, if a stranger introduce someone into business be it on any social media, it is 100% scam, if the business is too real to be good by promising high yield return.
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