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Home » “Why is the government helpless when it comes to the rampant spread of fraudulent advertisements on Facebook?” – President of Cai Xun criticizes the situation
Cryptocurrency Scam

“Why is the government helpless when it comes to the rampant spread of fraudulent advertisements on Facebook?” – President of Cai Xun criticizes the situation

Mar. 18, 2024No Comments3 Mins Read
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"Why is the government helpless when it comes to the rampant spread of fraudulent advertisements on Facebook?" - President of Cai Xun criticizes the situation
"Why is the government helpless when it comes to the rampant spread of fraudulent advertisements on Facebook?" - President of Cai Xun criticizes the situation
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“Today Weekly” and “Wealth” publisher and well-known financial expert Xie Jinhe recently discovered that he has become a victim of impersonation by a fraudulent group. These criminals have stolen his name and photos to publish false advertisements on Facebook, attempting to deceive the public. President Xie and his team actively contacted Facebook, hoping to immediately remove these misleading advertisements. Unfortunately, their response was that these ads comply with Facebook’s “Advertising Policies”.

Contents:
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Xie Jinhe questions Facebook’s moral responsibility
Silence of the media and the government’s powerlessness
Disaster Added! Cryptocurrency Facebook scam advertisements

After returning from India, Xie Jinhe discovered that the fraudulent group not only stole his photos but also impersonated him to publish new scam advertisements, claiming to protect fans from being deceived. They even created a fake Facebook account to further confuse the audience. This blatant fraudulent behavior not only went uncontrolled by Facebook but was also tolerated to some extent.

Xie Jinhe expressed even more concern that besides social platforms, even media outlets such as Liberty Times, which should uphold journalistic ethics, have also published these scam advertisements. This not only lowers the standards of the media itself but also makes it more difficult for the public to distinguish between true and false. Xie Jinhe’s protests and reports seem to be powerless under the current system, raising doubts about the government’s effectiveness in combating online fraud.

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Xie Jinhe’s experience highlights the importance of internet security and personal privacy protection, as well as the serious loopholes in the review of advertisements by social platforms and the media. In the face of such a situation, he calls on government departments to strengthen supervision and asks platforms and media to take responsibility for their advertising content, ensuring that similar fraudulent activities no longer occur and protecting the public from deception.

In Facebook pages related to the blockchain industry, including Chain News, impersonation scams are frequently encountered. What’s even more frightening is that scammers, due to the anonymity of cryptocurrencies and the irreversibility of funds, trick many people into transferring funds to the scammers’ cryptocurrency wallets through comments on fake pages. Compared to ordinary impersonation scams, this is more likely to quickly lose money and disappear from financial regulation’s sight. We urge all readers not to believe in any investments or lottery activities on Facebook through comments or advertisements to avoid falling into traps.

In recent years, Facebook’s inaction in controlling and managing social platforms and risks has been criticized by many parties. This year, Meta founder Mark Zuckerberg was accused by lawmakers in the United States of disregarding the protection of minors and was criticized as having “blood on his hands,” for which Zuckerberg also apologized.

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One press, money disappears! What are the phishing methods and prevention methods of “offline authorization signature”? Fake EigenLayer case
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Further reading
Robber Confrontation Scammer! Virtual Currency Transaction at Songshan Station: Bandits Caught, Scammed with Counterfeit Money, Showdown Between Two Scammer Experts
“Understanding Cryptocurrencies” Starts with Decentralization! The Industry Should Not Be Equated with Crime.

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