If you have been on Instagram on Saturday, August 17th, 2019 you may have received a DM from a friend or someone you follow that says “I Made This Just for You” with a bit.ly link to click. Do not click this link. This is a phishing account that is trying to get your password. Like a number of different DM hacks over the last few weeks, the phishing account sends a link that requires you to sign back in to Instagram. They then get your email address.
It looks something like this: