Australia Sues Meta for Crypto Scam Ads
By sweN TR
The Australian Competition and Consumer Commission has slapped Meta with a $74 million fine for allowing a massive scheme of crypto scam ads – featuring Australian figures who’d never endorsed the products.
The ACCC alleges that even after being alerted to the falsified ads on their platform – which generate “substantial revenue” for the Big Tech company – Meta failed to remove them.
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