[ad_1]<div _ngcontent-c14 = "" innerhtml = "
Advertisements on Bitcoin scammers, which attract Facebook users with promises of wealth using binary trading platforms, continue to plague the social network, which is still battling against the loss of investor confidence after a myriad of scandals over the past two years.
Despite the recent decline in the price of bitcoins, scammers use cryptocurrency & nbsp; to induce Facebook users to get rich quick schemes that claim to guarantee huge winnings in exchange for a small "investment."
Facebook's shares have been subjected to strong pressures this year, as the company's senior management and founder Mark Zuckerberg are confronted with the way the platform is used by people around the world to manipulate others, both on an individual and global scale, and how it manages the data user.
The relatively anonymous nature of Bitcoin means that it has long been used by criminals.Getty
The use of bitcoins and other cryptocurrencies by scammers during the bitcoin epic last year, which saw the bitcoin price rise from $ 1,000 in early 2017 to nearly $ 20,000 in less than 12 months, led to Facebook prohibits bitcoins and cryptocurrency ads in January.
Facebook has updated that policy in June, allowing the & nbsp; pre-approved advertisers to use their platform for cryptocurrency products and services, reflecting the expectation that the traditional financial sector is gearing up to enter bitcoin and cryptographic space.
Facebook says it continues to prohibit & nbsp; binary trading options and initial coin offerings (ICO), this last one used by startup companies to raise funds without regulatory oversight provided by traditional routes.
It seems that these bitcoin scams are still present on the social network, however, with scammers who alter the words used in ads for & nbsp; slip under the algorithms of detection of Facebook scams.
Scams no longer use the word "bitcoin" in advertising to go through Facebook's tracking system.Facebook
Facebook, it should be noted, is not the only social network to be plagued by bitcoin and cryptocurrency scams, with the micro-blogging site Twitter fighting against the growing wave of robots and scammers playing celebrities and public figures from Tesla chief Elon Musk to singer Katy Perry.
The Facebook scam advertisements seen by this reporter used names known as television presenters Holly Willoughby and Philip Schofield and Martin Lewis, who created Money Saving Expert's popular financial advisory site.
At the start of this year, Lewis launched a lawsuit against Facebook for not preventing scammers from using his name and image to promote scams.
"This is a constant deluge, even if the number of ads involving my face seems to have diminished.Once those who showed me began to disappear, others started to appear.This is a scam that feels hot and cuddly with a known and trusted face, "Lewis told this reporter.
"People ask me if the advertised products are good, but the advertisements are just a scam! There's nothing for them." People have to be very careful because some have lost their lives losing variable amounts of money.
"Adds credibility to scams on these types of social media platforms, people would expect them to do their due diligence & nbsp; when it comes to the ads they advertise, but obviously they are not."
The bitcoin scam was designed to resemble the Daily Mirror newspaper website and suggested television host Holly Willoughby & nbsp;he had made money using it.Facebook
Lewis launched his lawsuit in April and gets stuck in talks with Facebook executives while the two sides discuss an out-of-court settlement. If he goes to court and Lewis succeeds, he said he will donate the damages that are given to him for charity.
What Lewis requires from Facebook is not known, however Business Insider has reported an interview with Lewis who is seeking compensation from Facebook for those who have been stung by advertising scams.
A Facebook spokesperson said the company would investigate the announcement, but was unable to tell how many people saw it or how long it was active.
Mike Schroepfer, chief technology officer at Facebook, told British lawmakers in April that the social network plans to use facial recognition to help eliminate scam announcements, but admitted that it is "technically demanding to be done on a large scale."
Facebook's share price has fallen by almost $ 100 since July, down nearly 40% from its all-time high, as Facebook is scrutinized by legislators around the world on how it manages user data and misinformation.
In addition to the problems of Facebook, yesterday British politicians have released documents related to Facebook that suggest that the social media giant has collected user data without the knowledge of those users.
The president of the committee investigating false news and how it spreads on platforms like Facebook, Damian Collins MP, tweeted: "We do not think we have had direct answers from Facebook … and that's why we're releasing the documents."
">
Advertisements on Bitcoin scammers, which attract Facebook users with promises of wealth using binary trading platforms, continue to plague the social network, which is still battling against the loss of investor confidence after a myriad of scandals over the past two years.
Despite the recent decline in bitcoin prices, scammers are using cryptocurrency to trick Facebook users into rich quick schemes that claim to secure huge payments in exchange for a small "investment".
Facebook's shares have been subjected to strong pressure this year, as the company's senior management and founder Mark Zuckerberg discussed how the platform is used by people all over the world to manipulate others , both on an individual and global scale, and how it manages user data.
The relatively anonymous nature of Bitcoin means that it has long been used by criminals.Getty
The use of bitcoins and other cryptocurrencies by scammers during the bitcoin epic last year, which saw the bitcoin price rise from $ 1,000 in early 2017 to nearly $ 20,000 in less than 12 months, led to Facebook to ban bitcoins and related cryptocurrency ads in January.
Facebook has updated this policy in June, allowing pre-approved advertisers to use its cryptocurrency platform and products platform, reflecting the expectation that the traditional financial sector is gearing up to enter bitcoin and cryptographic space.
Facebook says it continues to prohibit binary trading options and initial coin offerings (ICO), the latter being used by startup companies to raise funds without regulatory oversight provided by traditional routes.
It seems that these bitcoin scams are still appearing on the social network, however, with scammers who alter the words used in the ads to slip under the algorithms of detection of Facebook scams.
The scams no longer use the word "bitcoin" in the ad to go through the detection system of Facebook.Facebook
Facebook, it should be noted, is not the only social network to be plagued by bitcoin and cryptocurrency scams, with Twitter, the micro-blogging site that fights against the growing wave of robots and scammers embodying celebrities and characters from Tesla chief Elon Musk to singer Katy Perry.
The Facebook scam advertisements seen by this reporter used names known as television presenters Holly Willoughby and Philip Schofield and Martin Lewis, who created Money Saving Expert's popular financial advisory site.
At the start of this year, Lewis launched a lawsuit against Facebook for not preventing scammers from using his name and image to promote scams.
"This is a constant deluge, even if the number of ads involving my face seems to have fallen, when my protagonists started to disappear, others have started to appear, it is a scam that feels hot and cuddly with a known and trusted, "Lewis told this reporter.
"People ask me if the advertised products are good, but the ads are just a scam! There's nothing for them: people have to be very careful because some have lost their lives losing variable amounts of money.
"Adds credibility to the scams that are found on these types of social media platforms: people would expect them to do their due diligence when it comes to the ads they publish, but obviously they are not."
The bitcoin scam was designed to resemble the Daily Mirror newspaper website and suggested television host Holly Willoughby he had made money using it.Facebook
Lewis launched his lawsuit in April and gets stuck in talks with Facebook executives while the two sides discuss an out-of-court settlement. If he goes to court and Lewis succeeds, he said he will donate the damage he is given to the charity.
What Lewis requires from Facebook is not known, however Business Insider has reported an interview with Lewis who is seeking compensation from Facebook for those who have been stung by advertising scams.
A Facebook spokesperson said the company would investigate the announcement, but was unable to tell how many people saw it or how long it was active.
Mike Schroepfer, chief technology officer at Facebook, told British lawmakers in April that the social network plans to use facial recognition to help eliminate scam announcements, but admitted that it is "technically demanding to be done on a large scale".
Facebook's share price has fallen by almost $ 100 since July, down nearly 40% from its all-time high, as Facebook is scrutinized by legislators around the world on how it manages user data and misinformation.
In addition to the problems of Facebook, yesterday British politicians have released documents related to Facebook that suggest that the social media giant has collected user data without the knowledge of those users.
The president of the committee investigating false news and how it spreads on platforms like Facebook, Damian Collins MP, tweeted: "We do not think we have had direct answers from Facebook … this is why we are releasing the documents".
