COMMITMENT TO OPENNESS

Meta Faces ACCC Lawsuit Over Crypto Scam Ads on Facebook

Meta denies claim more than half of Facebook crypto ads are scams

Australian Watchdog Sues Meta Over Scam Crypto Ads on Facebook

Social Media Giant Facebook

Court Revives Lawsuit Against Facebook Over Scammy Crypto Ads

Facebook/Meta pleads not guilty for its scammy Crypto Ads;

Social media giant Facebook/Meta has been significantly involved in the crypto-verse. Aside from its crypto -centric initiative, Libra, the social media platform has been

According To Bloomberg

Facebook parent company Meta pleaded not guilty on Wednesday to criminal charges as the social giant fights allegations that it recklessly facilitated clickbait crypto scam

The lawsuit, filed in 2025, claims that over half of the cryptocurrency-related ads analyzed by the ACCC were scams or violated Meta’s advertising policies. These ads

According to Bloomberg, a Sydney-based spokeswoman for Meta said that the company doesn’t want scammy or misleading ads on Facebook because they “violate our

The Complaint Specifically Alleges That

The complaint specifically alleges that Meta Ads makes it possible for multiple “[c]ustomers advertising in Australia” to “run” ads on Meta’s own social media

Meta pleads not guilty to recklessly handling crypto scam ads

Facebook’s parent company, Meta, has denied claims that over half of crypto ads on Facebook are scams, arguing that the data is outdated and that it has since

Meta Is Being Sued By

Australia sues Meta over scam crypto ads on Facebook

Meta is being sued by Australia. The country's media watchdog claims it allowed scam adverts relating to crypto on its Facebook platform. The ACCC alleges that

The ACCC is suing Meta for celebrity crypto scam ads on