Meta announced a crackdown on fraudulent accounts on Instagram related to financial fraud. Over the years, individuals known as Yahoo Boys have been involved in a variety of scams, including Romance Scams, phishing, and Business Email Compromise (BEC) – and this recent campaign is no different.
About 63,000 accounts in Nigeria, targeting users for extortion, were identified and taken down. Among these accounts, a coordinated network of 2500 accounts linked to a group of 20 individuals was unearthed. The fraudsters primarily targeted adult men in the United States, concealing their identities behind fake accounts. In instances where minors were targeted,
It is worth noting that META and its products are considered extremist, and their operations are prohibited within the Russian Federation.