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According to the report, Meta has removed about 63,000 Instagram accounts used in attempts to directly engage in financial sextortion schemes, along with thousands of Facebook groups providing tips on how to scam people online.
The report said that sexual extortion, or sextortion, involves scammers tricking or coercing someone into sending explicit photos online. They then threaten to make the images public unless the victim pays to stop them.
The report added that the accounts, registered in Nigeria, were in part run by a group known as Yahoo Boys, "a loosely organized cybercriminals operating largely out of Nigeria that specialize in different types of scams," Meta said in a statement.
This group of scammers targeted an elite group of media. There were reports that an Australian young committed suicide because of this gang. He felt ashamed of what he was doing. He was scammed with millions of money because if he won't agree with their investment, they were going to expose bis photos.
The report said that sexual extortion, or sextortion, involves scammers tricking or coercing someone into sending explicit photos online. They then threaten to make the images public unless the victim pays to stop them.
The report added that the accounts, registered in Nigeria, were in part run by a group known as Yahoo Boys, "a loosely organized cybercriminals operating largely out of Nigeria that specialize in different types of scams," Meta said in a statement.
This group of scammers targeted an elite group of media. There were reports that an Australian young committed suicide because of this gang. He felt ashamed of what he was doing. He was scammed with millions of money because if he won't agree with their investment, they were going to expose bis photos.