Instagram blackmail crypto-scam: how to quickly become a criminal

The scenario is relatively simple, but there may be many hiding behind it. We have a total of three parties here, namely the attacker, a cooperating victim in the form of a popular “instagrammer” (or perhaps youtuber or others) and then all those who are among his followers. At the same time, the attacker, in a way that usually combines good social engineering with good old blackmail, can ensure the cooperation of the author, with whose help he then manipulates the followers to believe it in all sorts of ways to get rich, get rid of baldness, have something to prolong, and so on. which of course is only a hundred and one ways to lose money.

This modern scam is according to Motherboardu now it boils mainly on Instagram and usually consists of three steps. First of all, it is necessary to control the account of a popular author, simply by using data from many leaks or by using various forms of phishing.

If successful, the account holder is contacted in the next step and is offered an exchange. According to the agreement, the account will be returned to him, but only if he agrees to a certain service, which is the video in which he recommends what the scammer needs and is usually a very “advantageous” cryptocurrency investment, thanks to which we will lose weight very quickly. The final step is to release a video created to deceive adherents who lose money with which the attacker disappears, usually without returning the instagram account to its original owner.

This is frightening, in particular, for the cooperation of fraudulent account holders, who agree that they will essentially become accomplices in the fraud and fulfill their role in the fear that they will not lose their income from Instagram themselves.

Needless to say, it is best to prevent such attacks, to ensure that no one can control our account, especially if we really value it. Here, it really pays to use two-step verification and not just rely on passwords.

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Source: Svět hardware by

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