Is LinkedIn a scam?

According to the FBI, fraudsters using LinkedIn to lure and steal money from consumers via cryptocurrency investments pose a “significant threat” to both the platform and its users alike.

Is LinkedIn being used to perpetrate crypto scams?

One group of victims said they lost hundreds of thousands of dollars each. LinkedIn is being used to perpetrate crypto scams. (Getty Images) The FBI and LinkedIn (LNKD) are working together to fight fraudsters using the job-seeking and networking platform to lure investors into cryptocurrency schemes, according to a CNBC report.

Is LinkedIn a threat to digital currency fraud?

Digital currency fraud is a growing issue on social media, and LinkedIn is no different. In fact, according to according to Sean Ragan, the FBI’s special agent in charge of the San Francisco and Sacramento, California, field offices, cryptocurrency scams are big business on LinkedIn. "It’s a significant threat.

Is LinkedIn a good investment platform?

According to victims interviewed by CNBC, the fact that they trusted LinkedIn as a platform for networking lent credibility to the investment offers.