A Dutch court has recently ruled that all fraudulent ads involving Bitcoin must be removed from Facebook. The case started when the Dutch millionaire John de Mol sued the social media company. He started the process some months ago after Facebook failed to remove fake ads that used his and other celebrities’ images.
According to the court, Facebook needs to pull all the right now and also to give regulators information about the individuals who masterminded the scams. If the social media giant is not able to do it, it may receive a fine, which can be as expensive as $1.2 million USD.
Facebook argued that it was “just a neutral funnel for information”, but the court didn’t buy it and determined that it was unacceptable for them not to act. During the legal process, Facebook affirmed that it removed all the malicious ads and that it would pursue legal action against the scammers, too.
Unfortunately, this was not the first time that de Mol had to complain about Facebook’s practices. The social media giant let other scammers capitalize on his image before. The problem dates back to October 2018, when John de Mol’s lawyer contacted the court for the first time.
Other prominent figures such as Martin Lewis, a British TV presenter, also sued Facebook last year. He accused the social media company of defamation with fake crypto ads. Before early 2018, all crypto ads were banned from the platform, but the company’s policies were changed a few months before the Libra stablecoin was announced.