Here are some sources that show the amount of hacked accounts, daily, before this bug is thousands or even tens of thousands. Apparently 30%+ of all social media account takeovers happen on instagram and it's not even the largest platform.
I didn't verify the sources, just searched how many.
https://www.hackingloops.com/social-media-hacking-statistics...
https://www.zerofox.com/blog/often-social-media-accounts-hac...
Downvotes are welcome to share their sources