Khaberni - The Cybercrime Unit has renewed its repeated warnings against dealing with unlicensed fraudulent trading platforms that deceive you with quick profits.
Emphasizing that the unit still receives complaints from individuals who have been exposed to electronic financial fraud after they entered fraudulent trading platforms through advertisements on social media, where the operators of these platforms, most of whom are outside the kingdom, deceive the victim into profiting more than once, which leads them to increase their funds only for those running the platforms to then steal the victims' money and shut down the platforms.
Moreover, these platforms and suspicious pages publish false news using logos of licensed news websites in an attempt to lend credibility to the scam, creating a sense of trust in dealing with them.
The unit pointed out that it has tracked some of these platforms, which turn out to be managed by fraudsters from Southeast Asian countries, making it difficult to investigate these cases and nearly impossible to recover the financial amounts.
The unit strongly advises everyone not to deal with financial trading platforms before ensuring their legality and obtaining licenses from the Securities Commission, considering any platform that claims to provide quick and significant profits as a fraudulent one, and to avoid dealing with it or downloading its applications.
