This large-scale fraud campaign exploited fake trading apps that lured victims under the guise of romance and investment advice, leading to significant monetary losses.
The bogus apps, named UniShadowTrade, utilized sophisticated manipulation and social engineering techniques, capitalizing on emotions and trust to steal funds from unsuspecting individuals.
A notable instance is the app SBI-INT, which passed Apple's App Store review, thereby creating an illusion of legitimacy before being taken down.
Victims reported across diverse regions highlight the widespread impact of this investment fraud scheme, showcasing the global reach and threat posed by cybercriminals.
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