Facebook must takedown fake cryptocurrency ads, Dutch court

A Dutch court has ordered the social media behemoth Facebook to disengage itself with fake cryptocurrency ads that purportedly use the image and identity of celebrities to promote their fraudulent schemes. Cryptocurrency is a relatively new field, and a large percentage of people investing in it are still amateurs. They do not possess much awareness regarding evident red flags when spending their money. Thus, the advertisements featuring the names of famous celebrities, TV personalities, and sought-after entrepreneurs make it seem that if they can, we can too. Earlier this year, fake cryptocurrency advertisements caused Dutch investors to lose as much