If you have received a text message that reads "tap to reset your Instagram password," which appears to be from the telephone number 32665, do not click the link in it. It seems scammers are sending phishing text messages to potential victims and making them appear as if they were sent from 32665.
Although texts from 32665 are not scams, scammers can spoofed the telephone number. This means they can send phishing texts from other telephone numbers and make it appear as if it was sent from 32665. Therefore, it is recommended not to click links in random texts that appear to be from 32665, just use the code if you have initiated the request. And, never send the code or give it to anyone.