Australian (ASX) Stock Market Forum

Cryptocurrency scams

Facebook is awash with these kind of scams at the moment. I followed the link and it leads to a WhatsApp chatroom where professional scammers work large groups of people for weeks on end, gaining their confidence, before fleecing them of as much money as they can. The ads say stocks, but ultimately the discussion in these groups leads to crypto and the scams always revolve around crypto. Stocks is just the bait used in the ads.

Nobody seems to be doing anything. Facebook is making money by running these ads and the regulator chooses to look the other way. Facebook does more to assist organised crime than any other company on Earth. It's shameful.

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