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The Guardian - AU
The Guardian - AU
Technology
Josh Taylor

Half of crypto ads on Facebook are scams or violate Meta’s policies, consumer regulator alleges

Meta Facebook ACCC Celeste Barber David Koch Karl Stefanovic Waleed Aly
Facebook logo
A court has heard more than half of cryptocurrency-related ads on Facebook analysed by the ACCC were scams or violated Meta’s policies. Photograph: Jaap Arriens/NurPhoto/Shutterstock

More than half of cryptocurrency-related ads on Facebook analysed by Australia’s consumer regulator were scams or violated Meta’s policies, a court has heard.

The Australian Competition and Consumer Commission (ACCC) took Meta to court over celebrity scam ads in 2022, alleging the company had engaged in false, misleading or deceptive conduct in publishing the ads, and aiding and abetting the false conduct by the advertisers.

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