Australia's second-richest man has filed a lawsuit against Facebook over crypto-related ads using Andrew Forrest's name. If it's in the Philippines, Manny Villar seems to be the equivalent of this man even though the source of their wealth is from different sectors. Forrest’s source of wealth was from mining while Villar's was from real estate.

How about cryptocurrency? Is there any Filipino who can be included in the rich list whose wealth comes from crypto like Changpeng Zhao of Canada and the UAE, Michael Saylor of the US, and Song Chi-Hyung of South Korea?

Recently, Andrew Forrest sued Meta for allowing social media to run deceptive ads saying Forrest endorsed crypto projects. According to the case, more than 1,000 misleading ads appeared on Facebook in Australia from April to November last year. Because of this, many Australians lost money.

I then remembered my experience last year. I have also seen many crypto ads on Facebook that are misleading, which I suspect are phishing sites. There is one linked to PancakeSwap. Fortunately, I tend to bookmark the legitimate sites I go to. I noticed that only one character was changed in the URL. The sad thing is that many people on social media are not careful so they fall victim to these scams. Because of such experiences, I realized that Facebook does not care about the security of its users. What matters to them is that the ads pay.

Ang pangalawa sa pinakamayaman sa Australia ay nagsampa ng kaso laban sa Facebook dahil sa mga crypto-related ads na gamit ang pangalan ni Andrew Forrest. Kung sa Pilipinas ito, parang si Manny Villar ang katumbas nito bagamat magkaibang sector ang source ng kanilang wealth. Sa una ay galing sa mining samantalang kay Villar ay galing sa Real Estate.

How about cryptocurrency as source of wealth? Meron kayang Filipino na mapapasama sa listahan ng Richlist na ang yaman ay galing sa crypto kagaya ni Changpeng Zhao ng Canada at UAE, Michael Saylor ng US, at Song Chi-Hyung ng South Korea?

Nitong kamakailan, kinasuhan ni Andrew Forrest ang Meta dahil sa pagpapahintulot ng social media na magpalabas ng mga deceptive ads na nagsasabi na iniendorso ni Forrest ang mga crypto projects. Ayon sa kaso, mahigit 1,000 misleading ads ang lumitaw sa Facebook sa Australia from April to November last year. Dahilan dito, maraming mga Australiano ang nawalan ng pera.

Naalala ko tuloy ang aking karanasan ng nakalipas na taon. Marami din akong nakitang mga crypto ads sa Facebook na misleading na ang duda ko ay mga phishing sites. Meron ngang isa na nakalink sa PancakeSwap. Buti na lang ugali kong i-book mark ang mga legitimate sites na pinupuntahan ko. Napansin ko na isang character lang ang binago sa URL. Ang nakakalungkot lang marami sa social media ay hindi maingat kaya nabibiktima sila ng ganitong mga scams. Dahil sa mga ganiyang karanasan, napagtanto ko na ang Facebook ay walang pakialam sa seguridad ng kaniyang users. Ang mahalaga sa kanila ay nagbabayad ang mga ads.

Reference:

Judge: Meta must face lawsuit over Facebook crypto ads

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