Authorities in Bangladesh have identified multiple mobile apps advertised as investment or trading platforms that are secretly used for gambling. These apps ask users to deposit money to “trade” stocks or crypto but actually route bets to offshore casinos.
The apps show fabricated dashboards with fake profits to hook users. Once users attempt large withdrawals, the platform either blocks them or vanishes.
Consumers are advised to verify the licensing status of any financial app before depositing funds. Regulatory bodies plan to crack down on misleading investment advertisements.
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