Facebook Balance scams are already on the rise

Facebook Balance scams are already on the rise

Ahead of Libra's launch on Facebook, a new Washington Post survey uncovered a dozen accounts, pages and groups on Facebook and Instagram claiming to be official hubs for the social media giant's new cryptocurrency. Some of these scam pages even advertise that they are selling Libra at a lower price on third-party websites, despite the fact that Facebook's new digital currency is scheduled for launch in 2020. Given their experience with cryptocurrency scams , the social network should have prepared for scammers to take advantage of Libra. However, the Washington Post's survey of fake Libra pages revealed that Facebook was not prepared and that, to make matters worse, the news comes at a time when the company is facing off. a detailed scrutiny from the government and the public about its plan to launch its own cryptocurrency.

Scams scams

Scammers trying to impersonate Facebook use the company's official logo, official Libra marketing images, and even photos of CEO Mark Zuckerberg to give the Washington Post more legitimacy. For example, one page contained links to a site called BuyLibraCoins.com that was well designed and even included links to buy Balance tokens even though they weren't published yet. On the other hand, it appears that other pages have been set up to reserve major Libra brand names for future use. In addition to fake pages on Facebook and Instagram, the survey also uncovered an influx of scam pages and scam videos on Twitter and YouTube about Libra. Facebook has now removed many of the pages uncovered by the post, but this probably won't be the last we'll hear about scams as we get closer to the launch of the cryptocurrency from the network. social. across the edge