LinkedIn does not currently offer profile verification for notable users, unlike Twitter and Instagram. LinkedIn emphasizes business news and relationships.
Fake profiles often claim to be associated with legitimate and successful companies, or represent people with “entrepreneurial spirit”, Rodriguez said. LinkedIn’s director of trust, privacy, and equity, Oscar Rodriguez acknowledged that the number of scammers are increasing on its platform. From January 2021 to March 2022, US cryptocurrency traders lost $575 million due to investment fraud, according to the Federal Trade Commission. The Microsoft-owned social networking platform claims to have 830 million members in more than 200 countries.Īpparently, the FBI has noticed an increase in investment-related fraud. “There are many potential victims, and there are many past and current victims,” Ragan said.įBI says fraud on LinkedIn a 'significant threat' to platform and consumers Crypto scammers have taken to the professional networking site, LinkedIn, now, according to the FBI.įBI special agent Sean Ragan said that investment scams are a “significant threat” to user safety.
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