Facebook Battling Fake Libra Advertisements

Facebook Battling Fake Libra Advertisements

Many fake Libra accounts have sprung up online even on Facebook itself. According to a report by The Washington Post on July 22nd, nearly a dozen fake Libra pages have circulated across Facebook and Instagram.

According to the report, a number of those fake Facebook and Instagram accounts were removed on July 22nd only after The Washington Post reported on them. According to communications manager at Calibra, Elka Looks, Facebook removes ads and pages that violate their policies when they become aware of them.

Some of the fake pages and accounts invited people to participate in a pre-sale of the not-yet-launched Libra coins at a discount, while others included Facebook’s logo, Mark Zuckerberg’s picture or Libra’s official marketing materials.

The Buylibracoins.com website is an example of such fakes. The website copies Libra logo from official website Libra.org, and offers users to create an account and invest in Libra with major cryptocurrencies such as Bitcoin (BTC).

The website is still available at press time.

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