There was a huge uproar in Egypt after the disappearance of a digital trading platform and the theft of its subscribers’ funds. The SGO.CC platform for digital trading first appeared in India in December 2022, and officially began work in Egypt in June 2023 with an electronic website and application.
The idea of the platform is based on reverse betting on football matches, by depositing money into electronic wallets within the application, and then predicting the wrong result of the match by a certain percentage.