Too Long; Didn't Read
A new wave of dozen fake accounts, groups and pages which are spread across Facebook and Instagram. Claiming and trying to sell Facebook’s latest cryptocurrency Libra everywhere across the social platforms. Some of these pages offer discounted prices to sell Libra if the users visit certain “fake” third-party sites. Most of the fake pages and accounts were reported by The Washington Post. They were removed from Facebook & Instagram after the report. This wave of fakes will highlight on how Facebook will suffer and struggle to fight against fraud accounts and to re-build trust on its own currency.