New fake ETH giveaways sponsored by Facebook

[Pmalek]

Our favourite social media platform, Facebook, is being flooded by new fake giveaways. I have seen a few already. The posts are sponsored and paid for.
The creators are pretending to give away 50.000 ETH to speed up the adoption of cryptocurrencies.
ETH, Elon Musk, and Vitalik. It's all mentioned to create an impression of a genuine giveaway.

Like always, don't trust anyone promising you free money and report such posts to protect those who don't know any better!

[1713493755]

1713493755

[1713493755]

1713493755

[1713493755]

1713493755

[1713493755]

1713493755

[Little Mouse]

All they are after is revenue. This shit are dealing with such huge amount of money but can't have a department of filtering shit ads. Same google does too. Well this is nothing new. I saw such scam ads everyday. Just report it. There's no other way to deal with it.

[hugeblack]

Personally, I think that any image or quote of Elon Musk with cryptocurrencies should be avoided, all of them are to promote fraud or at least do not make any profit from them.
What baffles me is, are there people who might believe in a quick profit or doubling the money like this? You need to be really desperate to believe such a scam.

[Pmalek]

What baffles me is, are there people who might believe in a quick profit or doubling the money like this? You need to be really desperate to believe such a scam.

I think there are still many people who fall for things like this. Otherwise, scammers wouldn't continue creating fake campaigns and sites like the one I just posted. Anyone with common sense would just read that message, smile and think how pathetic, and and go about with their life. I don't know how much these Faceobok ads cost, but whatever it is, it certainly generates enough profit for the scammers to keep doing it.   

[acroman08]

nothing new I guess. Facebook(the same with other social media platforms) is notorious for letting these kinds of ads float around their platform and to be honest, I kind of got tired of reporting fake giveaways on their platform(but I still do report when I feel like it). I've reported a lot of similar fake giveaways and I rarely see action being done to it.

What baffles me is, are there people who might believe in a quick profit or doubling the money like this? You need to be really desperate to believe such a scam.

or be extremely gullible to believe it. it's sad that there are people like that.

[ScamViruS]

Fake giveaway ads have flooded into Facebook and Google. Scammers are spending a lot of money on these kinds of ads, and reaching out to crypto users as quickly as possible.

Why Facebook and Google approve such ads is a matter of concern. If they help spread such scams for money then it is definitely a dirty job. They should refrain from approving these scam ads to prevent such scam promotions.

[khaled0111]

The number of scam ads on facebook has increased dramatically in the recent period after they lifted the ban on cryptocurrency ads.
I believe there will be many victims since fb is the biggest social media platform and most of its users don't know anything about cryptocurrencies, let alone how to spot scams and protect themselves.

I don't know how much these Faceobok ads cost, but whatever it is, it certainly generates enough profit for the scammers to keep doing it.   

Advertising on fb is not that expensive. Afaik, 1000 impressions cost less than $10 on average.

[FatFork]

According to a study by Pew Research Center, nearly half of adult Americans are getting their information about the world on the Internet through a variety of channels, but the primary way is through social media and Facebook.


source: https://www.pewresearch.org/journalism/2021/01/12/news-use-across-social-media-platforms-in-2020/

That's not necessarily a bad thing. However, the problem arises when the social network where we get most of our news is serving up fake and unverified information. Fake news has become a global scourge that affects our daily lives, and this is especially true of the information provided by the advertisements we see online on a daily basis.
That is why it is important to repeat the obvious: you should never completely believe everything you see on the Internet. You should only pay attention to reliable sources of information that have been well researched. This is especially true when it comes to your finances and investments. In fact, you should be skeptical of any source of financial information that promises to give you anything close to a guaranteed rate of return. When it comes to investing, there is no such thing as a guarantee.

[ryzaadit]

-snip-

Old topic for me. Google, Facebook and Youtuber or other platform in the topic of investment especially crypto they are flooding by scam ads.

The reason is because they are not monitoring or make due diligence for each ads, so there is no manual review by them. Even there has some system blocked a list phising, there will be have some new phsiing site not on the list and can pass the system check.

Best advice always never click anything on ads for investment purpose.

[albon]

Advertising on fb is not that expensive. Afaik, 1000 impressions cost less than $10 on average.

In fact, most of scammers do free sponsored ads using coupons or  BIN Facebook ads, so they can easily create new pages on Facebook and boost any post for a suspicious site, malicious application, fake giveaway..etc without financial investment and this ad will reach to the target audience, so they repeat this strategy to catch people and hack them. Everyone should beware of these annoying ads.

[Pmalek]

According to a study by Pew Research Center, nearly half of adult Americans are getting their information about the world on the Internet through a variety of channels, but the primary way is through social media and Facebook.

Just imagine what kind of opinion they will get if they get scammed by this or similar campaigns? People tend to generalize. It's easier to say crypto is a scam than to admit that you got tricked into handing over your hard-earned money to a bunch of Facebook scammers. Many aren't ready for the responsibilities of self-custody and won't be for many more years.   

[Obito]

Easiest thing to do with this ads is to ignore and report them, I have a lot of encounter with this ads and almost always I report them to Facebook, as much as we'd like to blame Facebook, they're not omnipotent and they want to make sure that the advertisement is open for anyone who wants to advertise, reporting them can help them pinpoint the problem.

[Maestro75]

All they are after is revenue. This shit are dealing with such huge amount of money but can't have a department of filtering shit ads. Same google does too. Well this is nothing new. I saw such scam ads everyday. Just report it. There's no other way to deal with it.

Did Facebook not ban cryptocurrency adverts or has the ban been lifted? You said to report it. Report it to who? Was it not approved by Facebook before it was allowed on its platform? It will achieve nothing if reported because those who allowed it got paid for it. It is clear that the Facebook owner likes money and can not resist the temptation of letting it go when offered a huge amount.

[aioc]

All they are after is revenue. This shit are dealing with such huge amount of money but can't have a department of filtering shit ads. Same google does too. Well this is nothing new. I saw such scam ads everyday. Just report it. There's no other way to deal with it.

Did Facebook not ban cryptocurrency adverts or has the ban been lifted? You said to report it. Report it to who? Was it not approved by Facebook before it was allowed on its platform? It will achieve nothing if reported because those who allowed it got paid for it. It is clear that the Facebook owner likes money and can not resist the temptation of letting it go when offered a huge amount.

I'd like to believe that they are not filtering those ads anymore or they allow Cryptocurrency related ads now because they have many users that are very much into NFT PVE and DEFI and these are all Cryptocurrency related if you are not well aware of how these scammers and how they spend money you will likely fall to this, these have been going on for a very long time I guess they are still getting victims so they keep coming up more like these.

[khaled0111]

Did Facebook not ban cryptocurrency adverts or has the ban been lifted?

Yes. In the past anyone who wanted to run ads about cryptocurrencies had to submit an application and provide licenses and such. This ban was lifted in December of last year. You can read the announcement here:
https://www.facebook.com/business/news/expanding-eligibility-to-run-ads-about-cryptocurrency

You said to report it. Report it to who? Was it not approved by Facebook before it was allowed on its platform? It will achieve nothing if reported because those who allowed it got paid for it. It is clear that the Facebook owner likes money and can not resist the temptation of letting it go when offered a huge amount.

To facebook support team, obviously. You can report a scam ad by clicking on the three horizontal dots on the top right of the post then choose "Report ad" or via their report page if you are not logged in or don't have an account.

[Pmalek]

Was it not approved by Facebook before it was allowed on its platform?

Just like the Google ads we have seen many times in the past that lead to fake crypto exchanges and wallets, those get taken down by Google if reported and if there are enough reports. Facebook will act on the reports as well. They should never have been allowed in the first place, but it's obvious that their department isn't investigating with great attention to detail regarding the type of ads they will advertise. Additionally, they don't pay much attention if the sites are genuine or phishing unless they see reports that warn them about it. 

[robelneo]

Was it not approved by Facebook before it was allowed on its platform?

Just like the Google ads we have seen many times in the past that lead to fake crypto exchanges and wallets, those get taken down by Google if reported and if there are enough reports. Facebook will act on the reports as well. They should never have been allowed in the first place, but it's obvious that their department isn't investigating with great attention to detail regarding the type of ads they will advertise. Additionally, they don't pay much attention if the sites are genuine or phishing unless they see reports that warn them about it. 

This only proves that they don't know anything about Cryptocurrency, they do not do research and only wants the advertiser's money, this is short for GREED, they don't care and they just let the searchers do their own research if what they are showing is legit or not, Google and Facebook have become a major tool of scammers to scam people because people trusted these two giants.

[The Sceptical Chymist]

All they are after is revenue. This shit are dealing with such huge amount of money but can't have a department of filtering shit ads.

Sure they can.  They've got a whole team of moderators filtering all the new content being uploaded constantly, checking it for illegal stuff.  These sorts of offers might slip past their radar, simply because they're ignorant of how scammy they are--but I bet if Facebook got enough complaints they'd take action in a heartbeat.

I see the same ETH giveaway crap on Youtube constantly.  Just do a simple "ETH mining" or "ethereum" search and you'll see about 20 of the same kinds of videos that look like it's going to be Vitalik Buterin doubling your ETH or some other such scheme.  It's obnoxious, but I'm pretty sure Youtube takes all of those videos down eventually.  In any case, there's no warning you can give to people about scams like this.  People either have common sense or they don't.

[NNRR]

Many of you are now seeing different giveaways using different celebrity names on different social media Many of us who are greedy for this award join these giveaways which show that we are exposed to scams and we are financially disadvantaged so I will tell everyone to try to stay away from these things and if you join you will take a good look at it. Whether true be careful everyone.

[Lubcub62]

Yes, don't believe those who give sweet promises and give very unreasonable gifts, aka in large quantities. I'm sure they're scammers.

I've almost been fooled by people like that. but they are so active in promoting on social media like they are tireless. so that their ads and posts flood my social media homepage.

be careful not to be tempted by everything that promises ease without having to bother.