This article came out recently (October 21, 2024) giving an overview of the fake apps in the Play Store and App Store which are being tied to “pig butchering”. That is the cryptocurrency investing/trading scam which typically adds in an element of friendship, dating, or even romance to lure in its victims.
Here is the article title:
Fake trading apps linked to global pig butchering scam rings are flooding the Play Store and App Store
Here are snippets from the article:
Group-IB’s research found that these criminals use sophisticated social engineering techniques — often building relationships on dating or social media platforms — to lure their victims to apps that the criminals have uploaded to Google Play Store and Apple’s App Store
Cybercriminals have been flooding Google Play and Apple’s App Store with fake trading apps, according to new research from cybersecurity firm Group-IB. These phoney platforms are part of a sinister global scam known as “pig butchering,” a type of investment fraud where scammers convince victims to make large investments, only to drain their funds later.
The scam gets its unusual name from the way fraudsters “fatten” their victims by building trust before ultimately taking everything. Although it mainly revolves around cryptocurrency investments, the scam doesn’t target just crypto enthusiasts.
In fact, Group-IB’s research found that these criminals use sophisticated social engineering techniques — often building relationships on dating or social media platforms — to lure their victims. Once trust is established, victims are persuaded to download fake trading apps that appear legitimate.
— Read the full article here: https://www.firstpost.com/tech/fake-trading-apps-linked-to-global-pig-butchering-scam-rings-are-flooding-the-play-store-and-app-store-13827505.html
If you believe that you were defrauded in a similar cryptocurrency or other trading scam, especially under the pretense of friendship or dating (romance), then the lawyers at Wyde & Associates, PLLC may be able to represent you.
Learn more about the scam here: Home Page
If you are looking for an attorney to represent you, then please take a moment to review our forms and submit them to us if you are ready to have legal counsel in this situation: Contact Wyde & Associates PLLC