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The fake news report essentially claims that Singapore has passed new legislation that favors the adoption of cryptocurrencies.
According to scam database ScamBroker,bothpageshave been registered from Bulgaria.
ScamBroker further notes both exchanges appear to be unregulated not that this is surprising.
Interestingly, both pages appear to be equipped with a live chat box.
Chances are that someone might be phishing for your data.
Eventually, the company rolled back some of its restrictions on crypto-ads byletting pre-approved advertiserspromote on its platform.
But now it seems scammers have found a way to exploit its updated policy.
Twitter has been struggling to curb a string of giveaway scams on its platformsince at least February.
Indeed,numerous politiciansand government accounts, as well as giants likeGoogleandTarget, ultimately fell victim to the tactic.
Itll be interesting to see whether Facebook can tackle the issue in a more effective manner than Twitter.
Weve contacted Facebook for comment and will update this piece accordingly should we hear back.
In the meantime, watch out where you click when scrolling through Facebook the cryptocurrency scam epidemic is spreading.
Update November 29 11:50 AM UTC:Facebook has since confirmed it is investigating the malicious ad.
Deceptive, predatory ads have no place on Facebook, said Director of Product management, Rob Leathern.
We have removed these ads and disabled both the account and page they ran from for violating our policies.
Tell him everything you despise about his work onTwitter.
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