Cryptocurrency boom has attracted millions of people looking for earn money without difficulty. There is no stronger hook than this one and the desire to become an instant millionaire too best bait for crypto scammers.
Business Insider has investigated exposure of dozens of financial influencers from Instagram and YouTubethat warn of the existence accounts that clone their contentimpersonating them contact their followers and suggest all kinds of scams.
These influencers complain that YouTube and Instagram are not doing enough to stop this practice.and some even closed their accounts for a few days accusing them of the fraud that their clones committed.
Business Insider has uncovered at least 20 fake accounts linked to personal finance influencer Marko Zlatic, who has 826,000 YouTube subscribers. Instagrammer Rose Khan, who runs the financial account Investing with Rose, has at least 17 clone accounts.
Fraudsters copy absolutely everything. From profile pictures to family photos, stories, and more. As we can see here, the only difference is the change from “s” to “c” in the name:
These scammers buy fake followersto the point where the cloned account has more followers than the original one, as seen in the previous image.
With the help of bots they track the followers of the original account and send them messages posing as financial influencers.. Most of them are “offers” and “businesses” related to the purchase of new cryptocurrencies of dubious origin. But there is everything, even subscriptions to porn services.
Cloned accounts block original accountsto prevent them from discovering and reporting their data.
Influencers complain that they have little protection. Authenticating the original Instagram account is an ordeal: some have even submitted photos, documents, even their passport, and weeks later still haven’t authenticated it. Others, as we say, came to see how Instagram closed their account, blaming their clones for divorce.
This is a serious problem because news of fraud on their behalf undermines their credibility and causes their followers to distrust them.
YouTube began to take action: it is testing a system that allows channel owners assign moderators for video commentsand option block certain fake words or names used by scammers.
Some influential people have reached hire outside companies like Social Clean, which monitor comments on videos or stories and remove scam attempts as soon as they are posted. But there is little they can do when these clone accounts send messages to their followers.
This story is as old as the world: where money is spinning, scams are accumulating…
If you follow any financial influencer, always be on the lookout and make sure you link to the original account.
Source: Computer Hoy
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
