LinkedIn published a blog entry outlining its efforts to fight fraud. This had to be done after it was revealed that big crypto investment frauds are happening via LinkedIn.
According to a recent CNBC story, LinkedIn users are being duped into making phony cryptocurrency investments, with some victims losing more than $1 million.
“It’s a significant threat,” FBI special agent Sean Ragan told the CNBC. “This type of fraudulent activity is significant, and there are many potential victims, and there are many past and current victims."
It all begins with a request to connect to a fake account. The amicable discussion then shifts to the scam artist's suggestion to purchase Bitcoin or another cryptocurrency on a reliable website. The victim is persuaded to transfer their valuables to a platform under the control of the scammer after several months of trust-building, though.
Mei Mei Soe, a Florida benefits manager, began by speculating $400 at crypto.com before being persuad...