Mark Zuckerberg‘s company, now renamed Meta, is the operator of the two most prominent social media platforms, Facebook and Instagram. Allegedly, the renaming was also done because of Facebook’s bad reputation. It is well-known that Facebook is a fake news platform and happily promotes scams. Facebook puts itself at the service of cybercriminals if they pay! It’s all about money. Recently, scammers promoted the fraudulent Meta Token ICO via Facebook ads. Now the Starling Bank boss Anne Boden boycotts the Meta prostitution. Respect!
Until our warning, the META Token ICO (https://meta-ico.com) scam is being run in the Philippines, our local sources reported. Upon our warning, the website went offline, the domain now redirects to Facebook. The fake wanted to sell 15 million META tokens at $3.31 each, which would have brought the scammers around $50 million. The fraudsters behind this fake META Token ICO used Facebook ads to promote their scam. That’s weird, isn’t it?
Calling Facebook and Meta prostitutes would be an insult to people who are forced to sell their bodies for money in order to afford a roof over their heads. A few days ago, Anne Boden, founder and CEO of fintech unicorn Starling Bank (www.starlingbank.com), said in a blog post her firm would no longer pay for advertising on Facebook and Instagram while scammers were targeting its customers.
We want to protect our customers and our brand integrity. And we can no longer pay to advertise on a platform alongside scammers who are going after the savings of our customers and those of other banks.
Anne Boden in a blog post
We would like to express the utmost respect to Anne Boden for her stance. Boden has been pressuring the U.K. government to address financial fraud in the forthcoming Online Safety Bill, which would force big tech companies such as Meta and Google to take action against harmful and illegal material. Companies that fail to do so would risk facing penalties of £18 million ($24 million) or 10% of their annual global revenues, whichever amount is higher.
Google already stopped accepting ads for financial services unless the advertiser was authorized by the FCA, or qualified for certain exemptions. Although Meta made a commitment to tighten its policies on financial advertising, the firm is yet to implement these changes.
If you have any information about the operators of the META Token ICO, please share it with us via our whistleblower system, Whistle42.
