March 20, 2022 In ​​, -anyos

Two Crypto Lawsuits to Watch: Meta and Coinbase Enter New Legal Battles

Source: AdobeStock / Valeriya ZankovychTwo recently filed lawsuits could potentially impact the crypto industry, with the suing parties taking aim at Facebook owner Meta and major crypto exchange Coinbase for their alleged unwillingness to take more decisive steps to combat crypto-related scam advertisements and engaging in unlicensed securities sales, respectively.Under the first lawsuit, the Australian…

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March 20, 2022 In ​​,  HSE

Facebook’s Meta Sued Over Scam Ads Featuring Prominent Australians

A Meta spokesperson said it was not the company’s intention to see users scammed or misled.  Facebook’s parent company Meta is being sued by the Australian Competition and Consumer Commission (ACCC) for alleged false, misleading and deceptive conduct. The media giant is alleged to have published scam ads that used the images of Australian celebs, conduct…

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March 20, 2022 In ​​,  HSE

EU regulators: Be ready to lose all your money in crypto

E.U.› Regulation In a joint statement by the three EU securities, banking and insurance watchdogs, the regulators warn European consumers of investing in cryptocurrencies and other digital assets as they may lose all their money. Cover art/illustration via CryptoSlate Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the…

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March 20, 2022 In ​​,  HSE

$790,000 Worth of Rare Bear NFTs Stolen in Brazen Phishing Attack

Members of the Rare Bears NFT community woke on March 16 to find it had lost assets to the tune of US$790,000 due to a phishing scam. According to the team, weakened security of its Discord group allowed a perpetrator to spread a phishing link. Rare Bear is a collection of 2,400 NFTs of cartoon-themed…

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March 20, 2022 In ​​,  HSE

Facebook sued in Australia for fake crypto ads

Australia› Scams Facebook says these crypto ads violate its policies and its working to curb their spread. Cover art/illustration via CryptoSlate A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age.Now, the Australian Competition & Consumer Commission (ACCC)…

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