The FTC has warned that social networks can be used as a method of fraud in the field of cryptocurrencies. This organization is a US government agent and is engaged in monitoring compliance with antitrust laws.
The organization stated that about 100 thousand people a year lose their funds by investing in cryptocurrency projects through social networks. The total losses of such investments amount to more than 700 thousand dollars per year. Therefore, I will be more careful and do not trust any crypto projects on social networks, be sure to check all the projects you are going to invest in.