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Oct 19, 2024 · Sophos News Fake Gold Market Scam: A sophisticated scam involving fake trading platforms and insider information. Victims were lured into investing in gold, only to find themselves trapped in a web of deceit and financial loss. This case reveals the complex nature of modern gold scams and the necessity of thorough research and skepticism .
- You Had Me at “Hallo”
- Sanctioned Apps
- Whacking The Mole
- Grading The Scammers
The first scammer I engaged approached me much in the same way as the liquidity mining scam we previously documented—via Twitter direct message. In fact, I left the DM untouched for nearly a month in my requests before engaging with it on October 3. Starting with a “Hallo,” the scammer engaged me in Twitter direct messages to determine if I was a s...
Surprised and happy about my sudden interest, “Chen” directed me to download the mobile app from the fake website and not the official Google Play, Apple App Store, or Microsoft Store. For Android and Windows, the fake apps are a simple download (of an APK and an installation .EXE, respectively). For iOS the fake app uses the 2021 . The Windows app...
Work on the scam began in October, and much of the initial gathering of technical details happened in November. We shared information on this actor with Japan CERT (because of the brand jacking involving a Japanese financial institution), Apple, Google, and others. We reported the initial enterprise app distribution “team” to Apple, and labeled the...
This particular scam operation was not as polished as some of the others I’ve dealt with from a social engineering standpoint. The efforts to engender a relationship were limited to a few photos and a video sent to establish the false identity. At one point the “uncle” began responding in Chinese to questions in English. But the technical sophistic...
Jun 10, 2024 · Understanding Gold Scams. At its core, a gold scam involves deceitful practices aimed at individuals or entities looking to buy, sell, or invest in gold. Common manifestations include: Fake gold selling websites: Online platforms that mimic legitimate gold dealers but sell counterfeit gold or take payment without delivering any gold. Ponzi ...
Feb 15, 2023 · The pig butchering scam has a new twist – and it’s pure fool’s gold. According to cybersecurity company Sophos, the scam that became a hit when people were caught up in the expanding ...
- Gary Guthrie
4) Stock scams. Stock scams in the gold market often involve fake mining operations or pump-and-dump schemes. Scammers promote non-existent gold mines or exaggerate the value of mining stocks to inflate prices, then sell their shares at a profit, causing the stock to crash and leaving other investors with losses. Red flags
The scams involving counterfeit gold products are a serious issue in the market, as they mislead buyers by selling fake or altered gold items as authentic, eroding trust within the gold industry. These scammers utilize intricate techniques like blending genuine gold with less expensive metals or coating base metals with a thin layer of gold to give the appearance of genuineness.
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Apr 24, 2024 · Fake gold can have various colours depending on the material used. Brass, copper, aluminium and other alloys are often coated with a layer of gold-coloured paint to mimic the appearance of real gold.
