Fraud in social media has become a significant issue, and TikTok is no exception. Every day, many users encounter various types of scams. Fraudsters are constantly devising clever schemes to steal money or personal data.

One particularly vulnerable group includes those attempting to purchase TikTok accounts. It’s understandable why buying a TikTok account on a marketplace might seem appealing — it’s a quick way to start earning without spending years building a following. However, this area is rife with scams as well. That’s why it’s essential to rely on verified platforms, such as Madbid.com, which offer robust security measures to protect users.

Here are some common fraud schemes on TikTok to watch out for:

1. Fake Contests and Giveaways

One of the most widespread scams involves fake contests or giveaways. Fraudsters create accounts that mimic well-known brands or influencers and announce extravagant prizes.

To participate, they often require users to share a post, provide personal details, or — most dangerously — pay a small “confirmation fee.” Once the money is sent, the scammers vanish, leaving victims without their prize or money.

2. Fake Investors and “Easy Money” Offers

Another popular scam involves “investors” promising incredible returns. These fraudsters use fake testimonials, screenshots of profits, and even claim to represent reputable financial institutions. In reality, their projects are entirely fraudulent, existing only to steal money from unsuspecting victims.

3. Selling Counterfeit Products or Fake Services

TikTok is increasingly used to promote businesses, making it an attractive platform for buyers. Unfortunately, some sellers exploit this by offering goods or services at suspiciously low prices. After receiving payment, they simply disappear, leaving buyers empty-handed.

4. Fake Celebrity Accounts

Scammers often create accounts impersonating famous TikTokers, influencers, or celebrities. They replicate content to appear legitimate and gain followers. These accounts then promote fake fundraising campaigns, sell bogus services, or simply request donations.

5. Phishing via Messages and Links

An older but still common scam involves phishing. Fraudsters send messages with links promising prizes or exclusive offers. Once the victim clicks the link, their personal data, passwords, or even banking information is stolen.