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Scammers Use WhatsApp Groups to Coordinate Millions in Victim Trades and Pump Real Stocks

Cybersecurity NewsAugust 21, 20264 min read

Scammers are using WhatsApp groups to turn ordinary investors into an unwitting buying force. The operation does not need a hacked trading account or a stolen card. Instead, it persuades people to place real trades through legitimate brokerages, then leaves them carrying the losses when the price collapses. The campaigns pair short-lived deepfake advertisements with […] The post Scammers Use WhatsApp Groups to Coordinate Millions in Victim Trades and Pump Real Stocks appeared first on Cyber Security News.

Scammers are using WhatsApp groups to turn ordinary investors into an unwitting buying force. The operation does not need a hacked trading account or a stolen card. Instead, it persuades people to place real trades through legitimate brokerages, then leaves them carrying the losses when the price collapses. The campaigns pair short-lived deepfake advertisements with messages that promise timely stock tips. People who click are filtered by location and…

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