ACCC sues Meta over crypto-currency scams featuring prominent Australians

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Source: Sipa USA Rafael Henrique / SOPA Images/Si

Australia’s consumer monitor is suing Facebook’s parent company Meta, claiming it has failed to take action against scammers on the platform.


The ACCC alleges Meta engaged in false, misleading and deceptive conduct by publishing scam advertisements featuring prominent Australians  promoting investments in cryptocurrency.  But these ads are fakes and have plagued the platform since 2020.  Now, the country's consumer monitor is taking "world-leading" action. 


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ACCC sues Meta over crypto-currency scams featuring prominent Australians | SBS Finnish