Bitcoin Scam: Woman Tricked Out of $1,400 by Instagram Hacker

• A Canadian woman Fabienne Chery has lost more than $1,400 to a cryptocurrency scammer on Instagram

• An hacker broke into the victim’s friend’s account and lured her to invest in cryptocurrency but unknowingly to her it was a bitcoin scam

• Chery initially transferred 1000 Canadian dollars then transferred another $800 before realizing that it was a scam

Fabienne Chery is one of many people who had seen the popularity of Bitcoin and other cryptocurrencies grow and she wanted to get involved as well.

Cherry saw a video posted by her friend on Instagram, promoting a cryptocurrency investment and she messaged them immediately.

The friend directed her to another account on Instagram “nikkilove333”, which was an expert that will teach her how to buy, sell and share Bitcoin.

“nikkilove333” told Chery about the cryptocurrency opportunity and convinced her to send the money to invest.

Little did she know that she was speaking to a hacker who had gained access to her friend’s account and was using it to defraud others in a Bitcoin scam.

The hackers first asked for $1,000 and when she sent it, they demanded more since it was Canadian dollars and she had to send the difference in USD.

Chery sent an additional $800 before she realized that it was a scam.

The hacker had also managed to break into her Instagram account and was already promoting the same bitcoin scam video to lure other victims.

Although Chery was eventually able to recover her account, she bid goodbye to her money.

Read also: 6 Shocking Myths On Cryptocurrency Debunked

More cryptocurrency scams have been surfacing online as fraudsters capitalize on people’s interest in digital currencies to scam them.

Due to the digital format of the assets, it’s more difficult to track and the scammers often end up getting away with it.

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