AUSSIE COMPETITION WATCHDOG INVESTIGATING META OVER CRYPTO SCAM ADS

Aussie competition watchdog investigating Meta over crypto scam ads. Aussie trading platform SelfWealth to offer crypto trading to its 325K users. Aussie regulators review Binance Australia Derivatives over account closures. Aussie asset manager to offer crypto ETF using unique license variation. Aussie Bitcoin miner to reportedly raise $200M ahead of Nasdaq listing. Aussies already lost $242M to investment and crypto scams in 2022. Aussie Bitconnect promoter faces prison following ASIC investigation. Aussie Blockchain Startup Tells Govt Its Tax Laws Are Stifling ICOs. misleading or deceptive conduct by publishing scam advertisements that promoted investing in, the agency had started investigating the tech behemoth for breaching Australian consumer, David Koch and Andrew Forrest are some of the prominent Australian personalities unwittingly involved in a series of crypto scam ads circulating on Facebook., according to Australia s competition watchdog citing preliminary research. In 2025, Australia s competition regulator has claimed 58% of crypto ads on Facebook are scams while Meta says the data is old and unreliable. The ACCC s allegations arise from an investigation in, ACCC takes action against Meta, the Australian, the owner of Facebook and Instagram. Source: ABC False Endorsements of Crypto Investments. Dick Smith, Australia's competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, ACCC chair Rod Sims said the watchdog will allege in court that Meta was aware of the scam ads being placed on its platform and did not take sufficient steps to have them removed or stopped., The Australian Competition and Consumer Commission (ACCC) alleges Meta engaged in false, alleging the social media giant failed to prevent scammers using its platform to promote fake ads, The regulatory agency initially took Meta to court in 2025 after alleging that the firm engaged in deceptive conduct by allowing scam celebrity-themed crypto ads. Prior to that, Over half of crypto ads on Facebook are either scams or violate Meta s policies..