Beware of Facebook Libra Scammers

FIAT Financial
Fiat Exchange
Published in
3 min readAug 7, 2019

Be very careful about any locales or posts sharing data about Facebook’s Libra cryptographic money, with a scope of scammers allegedly purchasing up related space names, and running promotions via web-based networking media intended to take clueless clients’ cash. Facebook has said that it knows about the trick advertisements.

Crypto scams are generally common to such an extent that Facebook itself implemented a prohibition on crypto promotions prior in the year because of the expansion of flawed administrators. Facebook has since watered down its activity, and given the profile of Libra, it’s not amazing to see scammers hoping to take advantage of the public, and catch potential investors unaware, soothing them of their money.

As noted, everybody ought to be cautious about any Libra related promotions, on any system, as the money isn’t at discharge stage, has no official release date, and all things considered, isn’t at the point where anybody can be offering you any Libra to get a head start on the activity.

In addition, an examination by The Washington Post has revealed dozens of records, pages, and gatherings across over Facebook and Instagram which misleadingly guarantee to be authentic centers for Libra, Facebook’s proposed advanced money. Now and again these pages, which were just expelled after WaPo announced them to Facebook, offered to sell Libra at a markdown through third-party sites.

A significant number of the fake pages distinguished by The Washington Post applied Facebook’s logo, Libra’s authentic promoting symbolism, or photographs of Facebook CEO Mark Zuckerberg. One page connected to such a site called BuyLibraCoins.com, which is smoothly planned and incorporates connections to purchase what it claims are Libra tokens. Different pages appeared to have been made to hold key Libra brand names for later use.

Facebook isn’t the only platform that has been affected with cryptographic money tricks identified with Libra, however it’s unquestionably got the most to lose from them. The Washington Post reports that trick pages have additionally sprung up on Twitter and YouTube, and a month ago The Next Web wrote about a trick webpage that had been registered as the Calìbra.com. The webpage was set up to appear to be indistinguishable from the authority of the Calibra.com site, yet was being utilized to publicize a ”pre-deal” of Facebook’s cash. Starting today, the site seems to have been brought down.

In light of The Washington Post’s examination, a representative from Facebook stated that Facebook expels advertisements and pages that disregard our arrangements when we become mindful of them, and we are always attempting to improve detection of tricks on our platforms.

As we always say, in the world of Crypto, trusting the right people to do the job can be troublesome enough. This is why at FIAT exchange, we ensure that everything is safe and transparent so you can trust the process and we’ll do the rest for you.

FIAT Exchangeas a pioneer in the consensus industry, we offer the tools to democratize access to finance. Through our platform, investors are able to identify opportunities in Small and Medium Enterprises.

At FIAT Exchange, we have consultants to help corporations launch their Security Token Offeringeffectively, efficiently and successfully. As a constituting body, we act as partners and assist each and every project from compliance, fundraising, and to final listing in our Digital Marketplace.

While there already other operating equity crowdfunding platforms in the European Union, we are the first to expand to become a broker-dealer and introduce to our investors an alternative Smart Securities layer, offering a secondary market where investors can trade their startup securities.

If you are an Investor looking to unlock access in the FIAT ecosystem and discover new investment opportunities, please feel free to contact us: investors@fiatxs.com

If you are an Entrepreneur looking to raise capital, we can help you! Please email us: startups@fiatxs.com

Stay updated with our latest news:

Facebook: https://www.facebook.com/fiatxs

Twitter: https://twitter.com/FiatXS

Medium: https://medium.com/fiatxs

LinkedIn: https://www.linkedin.com/company/fiatex

--

--