"Instagram and Telegram: The Scary World of Fake Crypto"
These are the social media platforms that many people use every day. But beware, because there are cunning fraudsters out there.
I tell you a spooky story about a man named Naum Lantsman. He lost a huge amount of money—$340,000—in a scam on Instagram and Telegram.
He saw a post on Instagram from a company "SpireBit," claiming to be a financial broker for cryptos. He signed up on SpireBit, and that's when his troubles began. A person from SpireBit contacted him on Telegram, convinced him to invest $500. But that small investment turned into a massive loss of $340,000.
The Federal Trade Commission (FTC) says that Instagram is a top spot for these sneaky scams. Lantsman's story is a perfect example of how dangerous it can be.
