Thailand threatens Facebook over crypto scams and other fraudulent ads By Cointelegraph

Thailand is planning to seek a court-issued shutdown order against Facebook (NASDAQ:) unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

On Aug. 21, the Ministry of Digital Economy and Society (MDES) stated over 200,000 people had been duped by Facebook ads that touted crypto scams, investing in fake businesses and faked government agencies such as the Securities and Exchange Commission.

Chaiwut Thanakamanusorn at an Aug. 21 press conference regarding the ministry’s planned court action against Facebook. Source: MDES