The scary reality of cryptocurrency scams on Instagram

Twenty-five-year-old Preksha Kasbe, a student based in Pune woke up to a DM on Instagram from her friend Sonali who she knew from school. Excited, she responded to her message chatting about life in general as friends do. “But then Sonali switched the conversation to crypto investments and how it changed her life completely,” Kasbe told indianexpress.com.

Intrigued by the investment advice, and the eagerness to earn quick money led Kasbe to enquire about the lucrative deal. “She (Sonali) said it is pretty simple. You just have to change your email address that is linked to your Instagram to an email address that she (Sonali) sent,” she recounted.