Beware Snapboost! Alleged Like and Share Scam on TikTok and Others

The Task Force for the Eradication of Illegal Financial Activities (Satgas Pasti) has ceased the business activities of an entity suspected of conducting fraud through the Snapboost platform. Snapboost claimed to be a social media monetisation platform using a Click-to-Earn (C2E) system, where participants would earn income by liking and sharing content on various social media platforms. The illegal activity allegedly involved soliciting deposits from the public to perform tasks such as liking content on Instagram, Facebook, YouTube, and TikTok. Furthermore, Snapboost promised daily income, bonuses based on membership tiers, commissions for recruiting new members, and prizes including motorcycles and cars for members who deposited certain amounts of funds. Based on coordination findings, Snapboost was found to have no legal entity status or business licence in Indonesia, and its application and website were not registered as an Electronic System Operator (PSE) with the Ministry of Communication and Digital Affairs. Satgas Pasti also discovered indications that the perpetrators periodically changed the URL addresses using different names while maintaining the same appearance, features, and operational mechanisms. In response to these findings, which have the potential to harm the public, Satgas Pasti has halted the activities and will immediately block access to the related application and links. The task force is also coordinating with law enforcement for further legal proceedings. Members of the public who have suffered losses are urged to report to local law enforcement to expedite the handling process. Satgas Pasti reminded the public to always be cautious of investment offers or financial activities that promise high returns in a short time or appear illogical, especially those requiring upfront deposits and operating through websites or applications that frequently change addresses while maintaining similar appearances, features, and operational mechanisms. Reports of suspected illegal investments or online loans can be submitted through sipasti.ojk.go.id, the OJK Contact Centre at 157, WhatsApp at 081157157157, or via email at konsumen@ojk.go.id. Victims of financial transaction fraud can also file reports through the Indonesia Anti-Scam Centre at iasc.ojk.go.id to support the expedited blocking of perpetrator accounts and further handling efforts.