Facebook misleading people about Libra fake coin. - page 2.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: mk4 on September 22, 2019, 10:52:47 PM

As far as I remember Facebook allowed crypto ads quite some time ago, it's just that they're requiring documents to prove legitimacy of the business.

Also, let's not forget that Facebook doesn't have people that manually approve ads one by one. There are SO MUCH advertisers on Facebook, hence they simply use software to approve/decline the ads. Advertisers could simply not include terms like "crypto", "bitcoin", "blockchain", etc, on their ads, and to simply just label it mostly in the finance category to get past the filter. These ads mostly doesn't take long to get removed though, if enough people report it or if Facebook quickly detected it.

Already reported from my side. I can still see the ad in my newsfeed. I do not know what the reason is hidden behind. Why Facebook system not ban this scam ad?

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: ScamViruS on September 22, 2019, 01:20:17 PM

I thought maybe Facebook was advertising itself! Because i knew for a long time that Facebook doesn't accept crypto ads.

Quote from: nakamura12 on September 22, 2019, 02:01:08 PM

The facebook won't accept crypto ads right?. Maybe the facebook itself made the ads or may be there's someone else who pay facebook to advertise these said fake coin. It's either of the two that facebook is behind or a person/a group of people who are agaisnt the cryptocurrency might do it. If there is. I don't know how these ads are advertised by facebook.

As far as I remember Facebook allowed crypto ads quite some time ago, it's just that they're requiring documents to prove legitimacy of the business.

Also, let's not forget that Facebook doesn't have people that manually approve ads one by one. There are SO MUCH advertisers on Facebook, hence they simply use software to approve/decline the ads. Advertisers could simply not include terms like "crypto", "bitcoin", "blockchain", etc, on their ads, and to simply just label it mostly in the finance category to get past the filter. These ads mostly doesn't take long to get removed though, if enough people report it or if Facebook quickly detected it.

dkbit98

legendary

Activity: 2212

Merit: 7064

I don't trust Facebook and all it's scam copy/paste clones.

We busted and reported a bunch of this websites in Scam Accusation section:

UpLibra I reported on September 1st,
and I even got attention of their Fake team and minions.

More details and fun stuff to read here:
https://bitcointalksearch.org/topic/uplibraio-one-more-libra-scam-5180645

Full List made by @masulum
https://bitcointalksearch.org/topic/update31120-complete-list-of-fake-libra-sales-website-5169287

Many of them are blacklisted by Metamask now,
so I would advise people to use this browser extension.

vladimirhf

member

Activity: 590

Merit: 39

I haven't seen this one yet Cheesy

There are many people on Facebook also sharing the "uplibra airdrop", clearly a badly done scam with a horrible "logo".

I don't know how anyone can believe this.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Google and Facebook don't moderate their ads well, they probably only have some not very good algorithm to detect potential phishing and other scams, but there's no verification by real humans before they for approving an ad, which is why things like this happen. They host millions of ads, so it's probably not feasible for them to hire people to review them.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

Well, it's a bit strange. Facebook doesn't allow crypto related advertisements, so, how they approved this one? Did you at least reported this ad? Because many people may think it's legit and fall into this scam.
And I think it's not correct to say that's not correct to say that Facebook is misleading people. There is simply no benefit for Facebook to such ads, it gives only damage. Because people will fall into scam instead of investing in real Libra tokens.

1miau

legendary

Activity: 2226

Merit: 6947

Currently not much available - see my websitelink

There are tons of fake websites imitating Libra since inexperienced (and maybe naive) facebook users seem to be an easy target for scammers. Here's a list of already known fake sites and it's still growing (Libra coin isn't even out yet): [Update][22/19] Complete List of Fake Libra Sales Website (libratokensale scamsite is included there)

But the fact that such scamsites are included in facebook ads is very concerning. That's another argument against facebook's incompetence and the reason why facebook isn't a good choice as a platform and Libra coin might go the same way. I'm in doubt that facebook can be trusted right now where no money is involved, so why should it be better if money is involved? Cheesy

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

The facebook won't accept crypto ads right?. Maybe the facebook itself made the ads or may be there's someone else who pay facebook to advertise these said fake coin. It's either of the two that facebook is behind or a person/a group of people who are agaisnt the cryptocurrency might do it. If there is. I don't know how these ads are advertised by facebook.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Today I was scrolling Facebook Newsfeed.

Suddenly the ad of Libra coins came in front of me. I thought maybe Facebook was advertising itself! Because i knew for a long time that Facebook doesn't accept crypto ads.

Since i saw the sponsor, i became interested in the topic, so i visited the page.

Go to the page and i find that page is fake and the website that Libra Coin has provided on page that website also fake. They run fake pre-sale on the website!

I was wondering how did Facebook advertise this scam website?

How did this ad exceed the rules of Facebook ads?

For those who believe that Facebook advertising everything is real, this is a great proof to the fact that not all Facebook ads are real.

I think many people may have seen this ad and bought Scam Libra and lost their money.

0% should not be trusted on online, without verifying anything. Scammers always target newbies.

Beware from scammers because a small mistake can do a lot of damage.

Only trust their official Website:- https://libra.org

More proof is here about scam libra:- https://bitcointalksearch.org/topic/m.52525557

2nd one:- https://bitcointalksearch.org/topic/fake-libra-coin-scam-promoting-on-facebook-5189097

Topic: Facebook misleading people about Libra fake coin. - page 2. (Read 436 times)