Bitcoin

April

Northern

Meta

A suit filed by Australian mining billionaire Andrew “Twiggy” Forrest against Meta has been dropped by the District Court of Western Australia. Forrest claimed that scam crypto ads on Meta platforms bearing his image led to big losses for innocent people. Prosecutors said there was insufficient evidence.
Forrest, the chairman of Fortescue Metals and the second-richest person in Australia, <a href="https://cointelegraph.com/news/aussie-billionaire-sues-facebook-over-crypto-scams-with-ag-s-consent">personally filed criminal charges</a> against Meta in February 2022 under Commonwealth Criminal Code Anti-Money Laundering sections, claiming the social media giant “knowingly profits from this cycle of illegal ads” and failed to remove them. He had to receive the Australian attorney general’s approval to file the suit. 
In an open letter to Meta CEO Mark Zuckerberg in November 2019, Forrest demanded that Meta, which operates Facebook and Instagram, among other platforms, take down fraudulent ads and prevent his image from being misused.
Related: <a href="https://cointelegraph.com/news/fake-bitcoin-investment-platform-from-elon-musk-promises-4-000-roi">Fake Bitcoin Investment Platform From ‘Elon Musk’ Promises 4,000% ROI</a>
Meta <a href="https://www.news.com.au/technology/online/social/aussie-billionaire-andrew-forrest-targeted-in-a-deepfake-scam-promoting-a-fraudulent-crypto-platform/news-story/b065a183c7f79a2e4b51f078876979cf" target="_blank" rel="noopener nofollow">pleaded</a> not guilty to the charges in December 2023. A spokesperson for the Commonwealth Director of Public Prosecutions <a href="https://www.reuters.com/technology/australian-prosecutors-drop-billionaire-forrests-case-against-meta-2024-04-12/" target="_blank" rel="noopener nofollow">confirmed</a> to Reuters that the suit had been dropped for lack of evidence but did not elaborate further. In a statement provided to The Guardian, Forrest <a href="https://www.theguardian.com/australia-news/2024/apr/12/andrew-forrest-facebook-scam-ads-responsibility" target="_blank" rel="noopener nofollow">said</a>:
<blockquote data-ct-non-breakable="true">
 “It shows that Facebook is beyond the laws of Australia, that hardworking Australians are not protected, and that scams will continue to run rampant with no recourse for those who are duped by increasingly sophisticated technology on social media platforms that take no responsibility.”
</blockquote>
A Meta spokesperson told Reuters, “Meta doesn’t want scams on its platforms and we will continue to work tirelessly to prevent them and protect our users.” 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/82066cb7-20d7-4a60-b428-3492ea8e54e1.png" alt="" title="">
 <figcaption style="text-align: center;">
 A scam ad showing Andrew Forrest. Source: Crikey
 </figcaption>
</figure>
Forrest filed a civil suit against Meta in California Northern District Court in June 2022, citing six counts and <a href="https://ecf.cand.uscourts.gov/cgi-bin/show_temp.pl?file=19314795-3--74917.pdf&amp;type=application/pdf" target="_blank" rel="noopener nofollow">claiming</a> that “Facebook’s self-help advertising interface materially helped scammers develop” ads. Meta filed a motion to dismiss that case in January.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/40233b2c-acc2-4641-bfff-b1dc29bcb805.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: Dylan Lindgren
 </figcaption>
</figure>
Scams using Forrest’s image <a href="https://cointelegraph.com/news/cybertrace-warns-deepfake-crypto-scam-andrew-forrest-mining-billionaire">have continued to appear</a> since the billionaire took action against Meta. Cybertrace found deep-fake images of Forrest in ads on Facebook in February.
Alphabet, the parent company of Google, <a href="https://cointelegraph.com/news/google-sues-china-crypto-app-racketeers-report">sued two people in China</a> on April 4, claiming they were behind scam apps that had been downloaded from the platform over 100,000 times. 
Magazine: <a href="https://cointelegraph.com/magazine/crypto-city-guide-perth-cointelegraph-magazine/">Wealthy, isolated, and incredible beaches: Perth Crypto City Guide</a>

Billionaire’s suit over scam crypto ads on Meta dismissed in Australia

Cointelegraph

Weitere Artikel, die am 12. Apr. 2024 veröffentlicht wurden

Tiga Pilar Perkembangan Blockchain: Ethereum hingga BlockDAG

Bitcoin (BTC) Breaks $70,000: $80,000 Next? XRP Secures Crucial Support Level, Solana (SOL) Paint...

Pepe Price Poised For 50% Spike Soon : Here’s Why

Peter Brandt Signals Possible Cardano (ADA) Selloff Before Bullish Rebound

BlastUP (BLP) Joins Dogecoin, XRP, and Cardano in the $1 Race. Who Will Reach This Milestone First?

Dark Defender Predicts Breakout Rally for Ripple, 1inch Launches Crypto Debit Card, NuggetRush’s ...

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!