If you or someone who talks to a lot of people in your network on LinkedIn, you have to take extra care as the company has just acknowledged a recent uptick of fraud on their platform. There are a lot of scams going around that involve persuading users to make investments in cryptocurrency, and it’s also been deemed as a significant threat by FBI special agent Sean Ragan. LinkedIn is normally a social platform where most professionals meet each other and that is why it really seems like a safe space but it’s not, now.

These kinds of scams normally begin with some person just pretending to be a professional and reaching out to different kinds of users on LinkedIn, after engaging in some small talk and gaining their trust over some months they make them go to an actual crypto investment platform And tells them to move the investment to a site controlled by the fraudster, and then the money is drained from the account.

The FBI has seen a very big increase in this kind of investment fraud, which is very different from a long-running scam where the criminal starts with a romantic interest. LinkedIn encourages users to report these kinds of suspicious profiles, as the company’s director of the trust, privacy, and equity Oscar Rodriguez, said that they are trying to identify what is fake and what is not fake, which is very incredibly difficult.

LinkedIn also urges users to connect with people they know in real life, and they also say to be wary of people asking for money who you don’t know in person. The company says that this can include users asking you to send them money, crypto, or gift cards to receive a loan price or other kind of winnings.