The cardinal rule of the Internet is that if it seems too good to be true, it probably is. Unfortunately, some still haven’t learned that lesson—and it clearly hasn’t stopped some of us from falling into traps, especially on social media.
Nearly 30% of people who reported losing money to a scam in 2025 said that it started on social media, according to the Federal Trade Commission. And last year, Americans lost a staggering $2.1 billion to social media scams—eight times more than in 2020.
