Six Democrat members of the U.S. Senate Banking Committee sent a letter to Meta Platforms (formerly Facebook) CEO Mark Zuckerberg on the company’s Facebook, Instagram and WhatsApp platforms. cryptocurrency He asked what he had done to combat scams.
Led by New Jersey’s Bob Menendez, the senator group also includes Banking Committee Chair Sherrod Brown from Ohio and Elizabeth Warren of Massachusetts.
US Senators Claim A Significant Portion of Cryptocurrency Scams Are Caused by Mark Zuckerberg’s Platforms
The group of senators stated that the scams caused a total damage of 417 million dollars to users, and in the letter they published, he said:
“From January 1, 2021 to March 31, 2022, 49% of scam reports involving cryptocurrencies to the FTC (Federal Trade Commission) indicated that the scam originated from social media.
While crypto scams are rampant on social media, some of Meta’s sites are particularly popular hunting grounds for scammers.”
Senator group, Meta’s bitcoin and explain its current policies to detect and eliminate cryptocurrency scammers, describe its procedures for verifying that crypto ads on its platforms are not scams, and indicate the extent to which it cooperates with law enforcement to track down scammers.
The company, formerly known as Facebook, has recently hosted a crypto project called Libra. The name of this coin, which is thought to be stablecoin, was first changed to Diem, and then it was officially announced that the project was shelved.
Mark Zuckerberg has been focusing on the Metaverse industry lately.
*Not investment advice.
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