Fun

News Feed - 2023-08-22 10:08:04

Jesse Coghlan7 hours agoThailand threatens Facebook over crypto scams and other fraudulent adsThailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.1661 Total views70 Total sharesListen to article 0:00NewsJoin us on social networksThailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.


On Aug. 21, the Ministry of Digital Economy and Society stated over 200,000 people had been duped by Facebook ads that touted crypto scams, investing in fake businesses and faked government agencies such as the Securities and Exchange Commission.


Popular tactics used by the scammers included crypto investment and trading scams, MDES claimed. Some ads also allegedly used images of celebrities and well-known financial figures along with promises of up to 30% daily returns to lure people into the schemes.


MDES Minister Chaiwut Thanakamanusorn said the ministry had been in talks with and sent a letter to the Meta-owned platform over the issue but claimed it’s failing to screen advertisers.Chaiwut Thanakamanusorn at an Aug. 21 press conference regarding the ministry’s planned court action against Facebook. Source: MDES


The ministry is currently gathering evidence of the scam ads, which it said numbered over 5,300. At the end of the month, it’s ready to ask a court to shut down Facebook within seven days.


Related:Hong Kong’s crypto stance: Execs weigh in on Web3 in the region


The ministry warned on how such scams typically operate, saying consumers should be wary of promises of high and guaranteed returns along with ads using images of well-known figures.


Investments that pressure or give incentives to quickly invest with limited offers should also be approached with caution as well as businesses or platforms with no verifiable information.


Cointelegraph contacted Meta but did not immediately receive a response.


Magazine:Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review# Facebook# Business# Thailand# Court# Meta# RegulationAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensFrom the U.S. to Japan, regulators are beginning to embrace crypto2024 could be very bullish for crypto — Here’s why

News Feed

Biggest Movers: FLOW up 12% on Tuesday, Hitting 5-Day High
Biggest Movers: FLOW up 12% on Tuesday, Hitting 5-Day High Flow rose for a second consecutive session on Tuesday, as the token climbed by 12% earlier in the day. The rebound comes
Prashant Jha4 hours agoBalancer protocol exploited for $900K as DeFi hacks mount: Finance RedefinedDeFi exploits resulted in losses of over $16 million in August.1384 Total views35 Total sharesListen to article 0:00Newsl
The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove
The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal"s Scarcity Is Hard to Prove A myriad of gold bugs like to compliment the yellow precious
Stacks expands with Blockdaemon, Near Foundation amid Bitcoin surge
Zoltan Vardai8 hours agoStacks expands with Blockdaemon, Near Foundation amid Bitcoin surgeStacks’ announcement comes hours after BTC’s market cap reached a new all-time high.6774 Total views2 Total sharesListen to a
Karak has ‘good chance’ of becoming next EigenLayer after EIGEN airdrop disappointment
Zoltan Vardai13 hours agoKarak has ‘good chance’ of becoming next EigenLayer after EIGEN airdrop disappointmentEigenLayer’s decision to ban U.S.- and Canada-based airdrop participants could lead to a mass exodus to
Casino Token: Black Horse Finance (BLHF) Pre-sale started on 1st November 2020.
Casino Token: Black Horse Finance (BLHF) Pre-sale started on 1st November 2020. PRESS RELEASE. Black Horse Finance (BLHF) is changing the way you play. Brought t
Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp
Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp One of the largest banks in Estonia, LHV, is now offering cryptocurrency trading directly from its app t
Ana Paula Pereira4 hours agoCircle, Tether freezes over $65M in assets transferred from MultichainMultichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took plac
Tom Brady roasted on crypto in Netflix special — ‘How did you fall for that?’
Tom Mitchelhill4 hours agoTom Brady roasted on crypto in Netflix special — ‘How did you fall for that?’Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX.1135 T
Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’
Red Bull Racing Partners With Bybit, F1 Team Says It"s the "Largest per Annum Crypto Sports Deal to Date" Red Bull Racing (RBR) has announced the cryptocurrency exchange platform B
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data
XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu