Cybersecurity firm CTM360 uncovered a scam operation employing fake news websites, known as Baiting News Sites (BNS), to deceive users seeking online investment options. These sites mimic reputable news outlets and often feature false stories about public figures endorsing new passive income schemes. Scammers use clickbait ads on major platforms to guide traffic to these sites, eventually redirecting users to fraudulent trading platforms. The operation has been tracked extensively, revealing 17,000 sites that often utilize cheap domain names and local customization to enhance credibility and exploit unsuspecting investors.
The Baiting News Sites (BNS) deceive users interested in online investments by posing as credible news outlets, featuring fake articles that mislead readers toward scams.
Scammers employ a structured approach to bilking victims, first luring them in with fake ads, then entrapping them with calls from fake advisors and delayed withdrawals.
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