Social media giant Meta recently lifted some sanctions regarding cryptocurrency adverts on its platforms.
Meta, one of the leading social media companies in the world, announced earlier today that roughly 50,000 Facebook users had been targeted by private surveillance companies. The company said it had notified the people affected by the malicious activities.
In a blog post earlier today, Meta said the global surveillance-for-hire industry targets people to collect intelligence, manipulate and compromise their devices and accounts. It has taken action against this group of malicious actors. Meta added that;
“We disabled seven entities who targeted people across the internet in over 100 countries; shared our findings with security researchers, other platforms and policymakers; issued Cease and Desist warnings; and also alerted people who we believe were targeted to help them strengthen the security of their accounts.”
The company said although these entities often claim that their services only target criminals and terrorists, the investigation result showed that they are targeting a different class of people on behalf of their clients.
Meta said it had taken action against Cobwebs Technologies, Cognyte, Black Cube, Blue Hawk CI, BellTroX, Cytrox and also an unknown Chinese company. The social media giant added that 1,500 accounts linked to the seven firms had been removed from its various platforms, including Facebook and Instagram.
The listed companies worked on behalf of their clients and targeted people, including journalists and human rights activists in over 100 countries. Facebook rebranded its corporate name to Meta two months ago in a bid to expand its scope into the metaverse space.
Meta also recently relaxed its ban on cryptocurrency service providers, making it possible for them to advertise their products and services on its platforms. Cryptocurrency exchanges, wallet service providers and a host of other entities can advertise their services via Facebook and Instagram once again after the ban was lifted.