Social media scams cost 2.1 billion dollars over six years

Social media scams extracted 2.1 billion dollars from consumers between 2018 and 2024.

Published 15sem2 sources✓ ConfirmedNotableupdated 3j

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The fact

Scammers exploit platform vulnerabilities and user trust for fake investments and inheritance schemes.

The phenomenon exposes inadequate protection mechanisms deployed by social media platforms.

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+4 milliards de dollars en flux d'investissement privé

Renforcement du capital-investissement sur les marchés privés

Auto-synthesis from 2 media sources · identified on April 28, 2026