US senators urge Mark Zuckerberg to fight crypto scams on Meta’s platforms
The FTC’s report states that Facebook, Instagram, and WhatsApp are among the leading platforms for digital asset scams
10.09.2022 - 09:45
266
1 min
0
What’s new? US senators called on Meta CEO Mark Zuckerberg to take all possible measures to combat crypto scams on his social networks, in particular through cooperation with law enforcement agencies. According to The Washington Post, they also asked for details on the company’s policies regarding fraud with digital assets. The senators cited the June Federal Trade Commission (FTC) report that said Meta-owned social networks, including Facebook, Instagram, and WhatsApp, became some of the leading platforms for crypto scams.
The Washington Post’s material
More details about the situation. The FTC reported that in 2021, more than half of the crypto-fraud cases that totaled about $1 billion in thefts occurred on social media platforms.
The most popular platform among criminals was Instagram, with 32% of fraud cases. Next came Facebook (26%), WhatsApp (9%), and Telegram (7%)
In addition, the senators urged Meta to warn about possible fraud in languages other than English. Meta spokesman Andy Stone said that the company invested “substantial resources to detect and prevent scams.”
Earlier, the FBI warned of the emergence of a large number of fraudulent cryptocurrency applications that mimic real companies or financial institutions.
The Securities and Exchange Commission (SEC) also issued a warning outlining the most common social media fraud schemes. The regulator urged being skeptical of information on online platforms and never to make investment decisions based solely on it.
Useful material?
Incidents
Users were urged to withdraw funds before the site was completely shut down on November 7
May 8, 2024
Market
The outflow persists for four weeks
May 7, 2024
Market
The assets were valued at $630 000 at the time of receipt
May 6, 2024
Incidents
Roger Ver has been accused of not paying taxes
May 1, 2024
Mining
After the publication of the financial report, the company’s shares added 5%
Apr 30, 2024
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024