Cash App Scams – Cash app scammers target users on Instagram and YouTube. Here’s what you need to know about their tactics — and how to avoid getting scammed.
In part one of our two-part series on money scammers, I explored how scammers, particularly on Twitter, have incorporated advertising tactics used by popular peer-to-peer (P2P) payment services. Here I am sharing more details showing how similar exploits are performed on Instagram and how scammers create YouTube videos to trick users into thinking there is a way to ‘hack’ the Cash app for free money. You’ll also find tips and advice on how to prevent your hard-earned money from falling into the wrong hands.
Cash App Scams
Instagram money app scams are often similar to Twitter scams, with some key differences based on how users interact with each platform.
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Similar to the #CashAppFriday Twitter promotion, Instagram users hoping to win #CashAppFriday and #SuperCashAppFriday prizes will comment on Cash App’s Instagram posts with the $cashtag in hopes of being selected.
In the same Instagram post by @CashApp, users wrote about receiving incoming requests to send $20. A user account named $cshfridayoffical gave an example of impersonating CashApps, one of countless money-using accounts, on its own site.
The user also posted a picture of the request received during the recent #CashAppFriday on his profile. The post shows an incoming request from the Cash app asking for $10 to “verify real account and get $500”. So, it is clear that Cash App scammers are using the same tactics outside of Twitter to steal money from Cash App users.
How Instagram money scams differ depends on the platform they use. On Twitter, Cash App fraudsters are responding to @cashapp and tweeting the hashtag #CashAppFriday. On Instagram, Cash App scammers use their $Cashtag to look for users who comment on @cashapp posts and follow those users in hopes of viewing their profiles.
Giveaway Scams Are All Over Facebook And Cash App
Usernames vary and may include keywords such as “money”, “salary” or “rich”. Some are more straightforward in their intentions, including variations on the words “money” and “flipping.”
These scammers don’t explicitly target cash usage. Instead, as I mentioned earlier, these are traditional money flipping scammers who are trying to prey on desperate users looking for a quick buck, seeing the huge popularity of Cash App and #CashAppFriday giveaways.
In the Instagram posts above, a cash-flipping scammer posts photos of someone with lots of cash in their vehicle to lure users. They also teased a “$7 to $120” flip offer, setting a very low entry point for the victim. Finally, they have an example of a series of “Cashapp Flips” where users can turn $10-$100 into $100-$1000. However, potential victims will never see such returns.
In another Instagram Cash App scam profile, the scammer warns users that they need to have “at least $25” in Cash App or “any other bank.” The profile also contains conversations and images where the scammer is allegedly sending money to users. Although it has not been confirmed, it is suspected that these images are fake or related to other accounts run by the scammer.
Why I Love Chase Bank And Hate $cashapp Scammers And The Lack Of Cashapp Support For Chargebacks And Fraud Claims.
While I haven’t dealt with these Instagram Cash app scams, it’s obvious how the conversation goes, since they operate on a cash or cash model. They will ask for an initial payment, claim to have the ability to reverse transactions in the system, ask to be disconnected from the “flip” they are running, and claim that they have proof that their operation is legitimate. Obviously, this action is not legitimate and they take the money they get and run away.
Underscoring how widespread Instagram Cash application scams are, the official Cash app Instagram account recently posted an image with the caption “You won’t be asked for money.”
While these cash app scams continue on social media, there is another area of intrigue when it comes to cash app scams this time on services like YouTube.
Unlike Twitter and Instagram money flips or money scams, cash app scams promoted by YouTube focus on so-called cash app money generators or cash app hacks.
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Searching for some keywords related to free money and money app leads to videos that claim to promote “secret trick” or hack to get free money in money app.
This approach mirrors what I’ve seen before with scams targeting TikTok users looking for free followers and likes. The only difference is that they are advertised on YouTube.
The image above is an example of countless free cash app generator/hack websites
Google uses the reCAPTCHA logo to disguise the “You’re a robot” hint as a real “verification” service. As most web users are used to executing reCAPTCHA on the web, they may think that this is a legitimate verification request. This is actually part of a cost per installation (CPI) program where the website developer uses specially crafted links with an affiliate identifier (voucher) associated with his own account. This way, when a user installs one of these mobile apps and runs it for 30 seconds, they pay a small amount (less than $1) to install it.
Cash App Customers Scammed By Thieves Using Google Results
For these YouTube videos, the creators of the videos may have created a website themselves, so they earn extra money from CPI programs. However, I have not been able to independently verify whether this is true or not. CPI programs typically pay a very small amount per successful conversion, often less than $1. They are less profitable than other affiliate programs such as promoting adult dating sites.
Even if Cash App and legitimate gifts from artists and celebrities pique your interest, it’s important to proceed with caution as Cash App scammers are like sharks in the pool.
If you are a Cash App user or someone interested in these Cash App giveaways or generators, here are some tips to help you stay safe while using these Cash App platforms and services.
In addition, it is necessary to check the settings of the money application to prevent fraudsters. This includes making sure you’ve turned on ‘Security Lock’, which requires your Money App PIN to transfer funds. Keep your Money app PIN to yourself and do not share it with anyone or any website.
Instagram Crypto/money Flip Scam
Finally, you can restrict who can send an incoming request for money to “Contacts Only,” which prevents Cash App scammers who impersonate money and other celebrities with incoming requests and ask them to send money for verification purposes. Even with this setting enabled, you can send and receive money normally with the Cash app.
As the old saying goes, if it sounds too good to be true, it probably is. In the case of cash app prizes, this is usually the case.
Satnam joined in 2018. He has over 15 years of industry experience (M86 Security and Symantec). He contributed to the Anti-Phishing Task Force, helped create the Social Networking Guide for the National Cyber Security Coalition, exposed a large spam botnet on Twitter and was the first to report on spam bots on Tinder. He has appeared on NBC Nightly News, Entertainment Tonight, Bloomberg West and the Why O Why podcast.
Interests outside work: Satnam writes poetry and creates hip-hop music. He loves live music, spending time with his triplets, football and basketball, Bollywood movies and music, and Kroka (Baby Yoda).
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