Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Bybit Launches Bybit.eu, a Fully MiCAR-Compliant Platform for Europe's Crypto Users

July 2, 2025

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

July 2, 2025

Ripple Price Prediction As SEC Approves First XRP ETF

July 2, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Andrew Forrest’s Crypto Scam Meta Lawsuit Gets Green Light

0
By Aggregated - see source on June 19, 2024 Scams
Share
Facebook Twitter LinkedIn Pinterest Email

Last updated:

June 19, 2024 12:06 EDT

| 2 min read

Andrew Forrest, Meta lawsuit, crypto scam

A US judge has ruled that Andrew Forrest’s lawsuit against Meta regarding cryptocurrency ad scams will move forward.

Australian mining billionaire Andrew Forrest’s lawsuit against Meta for hosting several crypto ad scams bearing his likeness has been given the green light after the tech conglomerate failed to have it dismissed, U.S. District Court Judge Casey Pitts ruled on Monday.

Australian Billionaire Andrew Forrest’s Meta Lawsuit To Go Ahead


According to Monday’s court filing, Forrest’s claims of negligence against Meta will be able to go forward despite legal pushback from the Mark Zuckerberg-led company.

The ruling also grants Forrest the ability to argue that Meta itself was complicit in the production of the sham crypto campaign given that the fraudulent advertisements in question were developed using software made available by the social media platform that “ultimately determines what completed ads look like and who sees them.”

Dr. Andrew Forrest sued Meta over scam Facebook ads that included deepfakes of him promoting crypto.

He alleged that Meta’s software helped to create some of the scam ads via GenAI tools.

Today, the court ruled that his publicity rights and negligence claims can go forward. pic.twitter.com/LH7jQ6wFVP

— Rob Freund (@RobertFreundLaw) June 18, 2024

“Dr. Forrest claims that Meta profited more from ads that included his likeness than it would have if the ads had not,” Pitts’ judgment reads in part. “This is enough to adequately plead that the alleged misappropriation was to Meta’s advantage.”

Meta Pushes Back On Crypto Scam Advertisement Claims


Forrest, who first learned in 2019 that his name and likeness were being used to fraudulently promote cryptocurrencies to Meta users, claims over 1,000 ads ran between April through November last year costing victims millions of dollars.

“Some were accompanied by fake testimonials from investors who said they turned $250 into millions in a matter of months,” the filing continues. “Others included doctored “deepfake” videos of Dr. Forrest.”

While Meta had originally assured Forrest “it would take steps to stop the imposter pages,” several of the crypto ads remained, many of which the mining executive alleges are still up and running today.

The Silicon Valley-based tech giant has largely deflected responsibility for the ads to the third party users who generate the advertisements, though the company has offered “sympathy” to “the people who have been impacted.”

Forrest Vows To Hold Tech Giant Accountable


The legal victory for Australia’s second richest man after prosecutors down under dropped his attempt to criminally charge Meta just two months ago for their purported involvement in the crypto scheme, citing insufficient evidence.

Forrest, whose net worth is estimated to be $16.5 billion, called April’s decision “a tragedy for innocent parents and grandparents who have lost their life savings.”

However, Pitts’ ruling could pave the way for Forrest to prove Meta’s liability in the crypto ad running scheme.

“This is a crucial strategic victory in the battle to hold Facebook accountable,” Forrest said.



Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bybit and North Korean hackers headline $2.1 billion crypto hacks in H1

June 27, 2025

You’re Hired! North Korea’s new crypto scam starts with a job offer

June 20, 2025

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

June 16, 2025
Leave A Reply Cancel Reply

What's New Here!

Bybit Launches Bybit.eu, a Fully MiCAR-Compliant Platform for Europe's Crypto Users

July 2, 2025

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

July 2, 2025

Ripple Price Prediction As SEC Approves First XRP ETF

July 2, 2025

Erebor Emerges With Thiel Support to Serve Start-ups Post-SVB

July 2, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.