The U.S. FBI and LinkedIn are teaming up to crack down on fraudsters who use the job-seeking platform to lure investors into cryptocurrency schemes.
Fraudsters who use LinkedIn to lure users into a crypto investment scheme pose a significant threat to the platform and consumers, according to FBI Special Agent Sean Ragan. The scheme works as follows. Fraudsters posing as professionals create fake profiles and contact LinkedIn users to defraud The attacker started with a LinkedIn chat and ended up offering to help victims make money from crypto investments.
A group of victims told CNBC their losses ranged from $200,000 to $1.6 million. LinkedIn acknowledged a recent increase in fraud and said it removed 32 million fake accounts last year, the report said.
