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Power sued Meta for misleading crypto advertising

Power sued Meta for misleading crypto advertising

The Competition Commission of Australia has filed a lawsuit against Facebook parent company Meta. The company is said to have published false advertisements for cryptocurrencies. Ads can use celebrities as evidence and lead to fraudulent sites.

Facebook, the parent company of Facebook, has to respond in Meta Australia for misleading cryptocurrency. Competition Commission of Australia Australian Competition & Consumer Commission (ACCC) has started a related case.

The company has therefore approved the sending of ads as evidence to fraudulent websites with the help of celebrities. The ACCC said the ads also suggested that cryptocurrency investments be recognized on popular Australian websites. Reports.

Meta forgives false cryptocurrency ads

According to the Australian Competition Authority, Facebook users have been redirected to fraudulent pages with the help of celebrity quotes and users are advised to sign up. Fraudsters force users to deposit their money in fake crypto systems.

The report went on to say, “Meta was aware that a cryptocurrency fraud ad was being displayed on Facebook with the support of celebrities, but was accused of not taking adequate action to resolve the issue.”

Like the news agency Reuters Reported, Any meta that misleads or deceives users’ money violates their policies, the meta said. The Company uses appropriate technologies to identify and block such posts.

Hollywood stars Hugh Jackman and Nicole Kidman have been affected

The Zuckerberg panel said it was cooperating with the agency on the matter: “We will review the ACCC’s latest case and seek to defend ourselves against the action.”

According to the ACCC, the ads featured images of several Australian business leaders, providers and politicians. Also, they may have contained fake quotes and links to fake websites. Australian Media reports According to celebrities, among them are Hollywood stars Hugh Jackman and Nicole Kidman.

Facebook wants to train Australian politicians for the election campaign

Andrew Forrest, an Australian businessman and billionaire who took legal action against Meta in a similar case in February, is also a victim. He also argued that Meta did not take appropriate action to prevent fake and misleading advertisements.

Meta announced a few days ago that it would like to train Australian politicians in cyber security as the election campaign for the federal election is currently underway in Australia. Its purpose is to prevent misinformation and misconceptions.

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