Facebook and Bitcoin: Dutch Billionaire Involved in Bitcoin Scam Scores Legal Victory Against Facebook

Dutch Billionaire Involved in Bitcoin Scam Scores Legal Victory Against Facebook. According to Reuters, the giant social media company Facebook has no choice but to stifle fake Bitcoin advertisements after a Dutch court ruled against Facebook in favour of  tycoon John de Mol on 11 November.

De Mol, who is especially well-known for creating Hit TV programs like “Big Brother” and “The Voice,” has  sued Facebook back in May, when Bitcoin’s investment scam advertisement failed to remove its title. He claimed that up to $1.7 million was lost for the victims of these scammers.

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Facebook said it tried to prohibit these bad players, yet the found a resurface again on its website.

After the Court ruling, Facebook the world most popular social media brand must pay a huge fine if ti fails to delete money-grabbing cryptocurrency ads.

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The fine is said to be not less than  $1.2 mln. Facebook in addition will have to supply all the data of the users behind fake ads.

“Facebook’s arguments that it is just a neutral funnel for information, and therefore cannot be obligated to act, is not acceptable,” the court said.     

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The Mark Zuckerberg-helmed behemoth has considered all possible legal action and the decision is not excluded. Nevertheless, it still emphasizes its commitment to eliminating these ads from its website.

De Mol is trying to ensure that Facebook takes adequate steps to prevent innocent folks being swindled by corrupt individuals as quickly as possible.

The scams of the Bitcoin Revolution, which aim to draw gullible investors with the help of fake celebrities are now all felt by Jeremy Clarkson, Alex and even Elon Musk.