CRYPTO TRADER MAKES
Meta Is Being Sued By
The ACCC is suing Meta for celebrity crypto scam ads on
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
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
The Complaint Specifically Alleges That
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 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
Facebook/Meta pleads not guilty for its scammy Crypto Ads;
Court Revives Lawsuit Against Facebook Over Scammy Crypto 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parent company, Meta, has denied claims that over half of crypto ads on Facebook are scams, arguing that the data is outdated and that it has since
Australia sues Meta over scam crypto ads on Facebook
The Lawsuit
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
Meta pleads not guilty to recklessly handling crypto scam ads
Meta Faces ACCC Lawsuit Over Crypto Scam Ads on Facebook
According To Bloomberg
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
Meta denies claim more than half of Facebook crypto ads are scams
Australian Watchdog Sues Meta Over Scam Crypto Ads on Facebook
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