This is horrible. And I think it's not just teens that are victims.
I am pretty sure my father was into something like this before he died.
Long story short....he died in 2022 suddenly. Trying to notify all his friends and acquaintances I logged onto his computer/e-mail. Shocked is an understatement. It was so icky I looked through the first page for anything legitimately looking like a friend or contact then turned it off.
He had owned his home clean and clear. I found out that he had taken out a mortgage loan for the full value of the home just 2 years prior. Money is nowhere to be found. Still haven't found it. I am pretty sure he was scammed, blackmailed, or extorted for 100k or so probably to do with sex stuff. The bank repossessed the home. It was really a horrible few weeks dealing with all that crap.