Senators Ask Zuckerberg About His Steps to Prevent Crypto Scams

by in Cryptocurrency News

Mark Zuckerberg US Senators

A group of US Senate democrats wrote a letter to Meta CEO Mark Zuckerberg asking him about measures the social media companies led by him take to prevent crypto-related scams.

Related: Australian Regulator Sued Meta For Deceptive Crypto Ads

Washington Post reports that Senators raised questions concerning crypto fraud stating that they are commonly seen on social media.

Previously, the Federal Trade Commission revealed analytics results indicating that criminals widely use social media to make profit by deceiving people. Data reveals that the top platforms used by scammers are Instagram, FB, and WhatsApp, all three owned by Meta.

Senators cited the reports and expressed worries about Meta's providing an environment for crypto fraud that harms the customers.

Congress representatives also asked Meta whether it offers warnings or informative materials related to crypto crimes in languages besides English.