Home » Facebook, Instagram Overrun with Fake Libra Accounts

Facebook, Instagram Overrun with Fake Libra Accounts

Dozen of fake Libra pages have come up on Facebook and its social photo-sharing app Instagram. Facebook deleted Libra scam pages only after a warning report by The Washington Post on July 22.
news - Facebook, Instagram Overrun with Fake Libra Accounts

Dozen of fake Libra pages have come up on Facebook and its social photo-sharing app Instagram. Facebook deleted Libra scam pages only after a warning report by The Washington Post on July 22.

Libra fakes offer to take part in a pre-sale of not-yet-launched Libra coins at a discount. The fake accounts and websites include Facebook’s logo, photos of Mark Zuckerberg or Libra’s official marketing materials

As said in the report, a number of those fake Facebook and Instagram accounts were removed on July 22 only after The Washington Post reported on them to Facebook. Elka Looks, communications manager at Calibra, reportedly stated that Facebook removes ads and pages that violate their policies when they become aware of them.

As a reminder, earlier in the month, researchers at Digital Shadows, a cyber threat intelligence company, detected more than 100 Facebook’s Libra-related fake domains, some of these websites has a malicious content. There were two gropes of the fakes — those impersonating Libra’s official website, and those promoting scams.

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On June 18, Facebook introduced its own Libra cryptocurrency. The company received support from Visa, Mastercard, PayPal, Uber, eBay, Farfetch and other financial and technology companies. Libra’s global launch will take place in the first quarter of 2020, and testing will begin at the end of 2019.

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