Home Stock Market Australian competitors regulator takes Meta to court docket over faux crypto adverts By Cointelegraph

Australian competitors regulator takes Meta to court docket over faux crypto adverts By Cointelegraph

Australian competitors regulator takes Meta to court docket over faux crypto adverts By Cointelegraph

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© Reuters.

The Australian Competitors and Client Fee (ACCC) is taking Meta Platforms, Inc. (previously Fb (NASDAQ:)) to the Federal Court docket, alleging that the agency and its Irish department engaged in “false, deceptive or misleading conduct” by publishing rip-off superstar crypto adverts.

Some customers have misplaced tons of of 1000’s of {dollars} to the delicate and long-running scams tied to the advert.