Bots on Instagram and Facebook must be shaking. A group of Democrats from the U.S. Senate has reportedly asked Mark Zuckerberg to provide details on the social media giant's policies addressing crypto fraud.
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud.
According to a Friday report from the Washington Post, Senators Robert Menendez, Sherrod Brown, Elizabeth Warren, Dianne Feinstein, Bernie Sanders and Cory Bookeron Zuckerberg for the actions the company may take to detect crypto scams, to coordinate with law enforcement and to assist victims of fraud. Meta currently controls Facebook, WhatsApp, Messenger and Instagram.
“Based on recent reports of scams on other social media platforms and apps, we are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,” reportedly said the group of senators. New: Senate Democrats are pressing Meta about its efforts to combat crypto scams, amid reports from federal regulators that they're booming on Facebook & Instagram
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