Global #fraudulent

Facebook’s parent company, Meta, has rejected recent claims suggesting that over half of crypto ads on its platform are scams. The Australian Competition and Consumer Commission (ACCC) had asserted in a federal court filing that 58% of the crypto ads reviewed were fraudulent.

The U.S. Securities and Exchange Commission (SEC) has intensified its crackdown on cryptocurrency fraud with a recent complaint against NovaTech, a company operated by Cynthia and Eddy Petion.