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Beware of fake trading apps in the wild ? What is the pig-butchering trick ?

  • Fake trading apps are appearing in app stores, allowing hackers to steal large amounts of money without triggering malware alarms.
  • A scam called 'pig butchering' manipulates victims into complex investment schemes, often involving cryptocurrencies.
  • The fraudulent apps are available on the official Google Play store and Apple App Store, using a cross-platform development framework.
  • Users are tricked into providing personal information and identification documents, and the scam domains mimic legitimate financial organizations.

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