LinkedIn – FBI warns of “significant threat” from crypto scams

It is not just a bear market that will stop all scammers in the cryptocurrency industry. And social networks are a particularly privileged hunting ground in the context of this type of operation. This is despite the often very relative “management” that some of them show, compared to this digital pollution that is at the root of sometimes colossal losses. The last charged platform is the professional version LinkedIn. And a warning from the FBI against him.

Social media security is a complicated issue. And a reality that has just put a spoke in the wheel of the Twitter takeover, yet envisioned by the erratic Elon Musk. This about the estimate – considered grossly underestimated – of the number of fake accounts polluting this very popular social network. And by correlation, potential scams affecting the users, especially regarding cryptocurrencies.

A plague that mainly affects holders of NFT tokens. But whose forms are as variable as the imaginations of their evil instigators. Because on the LinkedIn network it is sound financial advice that then turns into emptying wallets† To the point that the FBI was prompted to list it as a “significant threat” to its users. At least that’s what Sean Ragan, special agent in charge of the field offices in San Francisco and Sacramento, California, says.

LinkedIn – The “Significant Threat” of Crypto Scams

The following must be taken into account once and for all: being identified as a crypto investor often means sticking a digital target on your forehead† And while this shouldn’t cause unnecessary panic, this reality does mean taking the necessary steps, at least from a digital hygiene point of view. This especially after the repeated data breaches, one of the most important of which remains that of the Ledger company in 2020. And especially on social networks, the favorite playground for scammers of all kinds.


Trezor – Ongoing Phishing Attack After Data Breach

Hugh B. – 04 Apr 2022 – 13:00

Data security is central to the development of the data industry. […]


A curse that unfortunately does not spare the LinkedIn network, but which focuses on more professional relationships. At least this is what the FBI has just stated, through the voice of Special Agent Sean Ragan. This about a worrying increase in the number of fake profiles being created on this platform. And even though the company claims to have removed more than 32 million last year. And at the same time intercepted 99.1% of the 70.8 million spam and scams on his social network† All of this detailed in a blog post published yesterday about this visibly increasing problem.

Be careful and remember to report people who ask you for money and whom you do not know personally. This could be people asking you to send them money, cryptocurrency or gift cards in order to receive a loan, prize or other winnings.


LinkedIn – Breach of Trust Scam

And the procedure is as well established as it is specially adapted to LinkedIn. Because, as the victims of these scams claim, this means that there is a breach of trust over time† All made possible by the professional character and dedicated to networking of this social platform. That is, by taking advantage of the implicit – but clearly overestimated – trust associated with these characteristics that are considered proof of legitimacy. And scammers posing as professionals by giving good advice before taking the step to steal digital funds (or others) of their victims.

This is how criminals make money. This is what they spend their time and attention on. And they’re always coming up with new ways to create new victims, whether it’s individuals or corporations.

Sean Ragan

An attack of breach of trust that can last for some time, to the point of lasting several months. And go through stages of effective profit just to gain a necessary degree of confidence. But in general a conclusion that always gives more or less the same result. That is, the transfer of cryptocurrencies to a platform that is legit in the first place. And at some point, the “need” to transfer them to another site, this time checked by the fraudster† Moment when the money is diverted and lost forever, in favor of this advisor who at the same time has become untraceable. This is for the benefit of fraudsters that the Global Anti-Scam Organization has traced in most cases to Southeast Asia. What a surprise !

Be careful !

Leave a Comment