The people of Singapore were deceived into installing a money stealing app. Scammers tricked victims into downloading similar apps by pretending to sell popular products such as mooncakes or discounted Peking ducks.
One group of scammers managed to deceive 27 victims by selling mooncakes on Facebook and Instagram. They convinced the victims to transfer money and then informed them that the products were out of stock. Victims were instructed to click on a link to request a refund, but this link turned out to be a malware installation. The scammers managed to steal a total of $325,000 from their victims in Singapore.
Another victim, a 74-year-old man, fell prey to a scam where he was lured into buying a discounted Peking duck for only $23.80 Singapore dollars (approximately 640 baht). However, before he could make the purchase, he had to install an app. Once he did, the scammer drained his bank account and even withdrew money from his credit card. The scammer had the ability to manipulate the spending limit of the credit card immediately after gaining control of the victim’s phone. In total, the victim suffered a loss of $70,000 in Singapore dollars.
TLDR: In Singapore, scammers used social media platforms to deceive people into downloading fake apps while pretending to sell popular products. They managed to steal a significant amount of money from their victims, totaling $325,000 and $70,000 respectively. These scams highlight the importance of staying vigilant and being cautious while making online transactions.