Why has the government been completely ineffective in addressing the rampant proliferation of fraudulent advertisements on Facebook, as criticized by Caixin’s CEO Xie Jinhe?
“Today Weekly” and “Wealth Magazine” publisher and well-known financial expert Xie Jinhe recently discovered that he has become a victim of a fraudulent group. These criminals have stolen his identity and photos to publish false advertisements on Facebook, attempting to mislead the public. President Xie and his team have actively contacted Facebook, hoping to immediately remove these misleading advertisements. Unfortunately, the response they received is that these advertisements comply with Facebook’s “Advertising Guidelines.”
Contents:
Xie Jinhe questions Facebook’s moral responsibility
Media silence and government powerlessness
Disaster Amplified! Cryptocurrency Facebook scam advertisements
After returning from India, Xie Jinhe discovered that the fraudulent group not only stole his photos but also impersonated him to publish new scam advertisements, claiming to protect fans from being deceived. They even created a fake Facebook account to further confuse the public. This blatant fraudulent behavior has not been stopped by Facebook but instead tolerated to some extent.
Xie Jinhe expressed greater concern that besides social platforms, even media outlets such as Liberty Times, which should uphold journalistic ethics, have also published these scam advertisements. This not only lowers the standard of the media itself but also makes it more difficult for the public to distinguish between truth and falsehood. Xie Jinhe’s protests and reports seem ineffective under the current system, raising doubts about the government’s effectiveness in combating online fraud.
Xie Jinhe’s experience highlights the importance of internet security and personal privacy protection, as well as the serious loopholes in social platforms and media in ad review. Faced with this situation, he calls on government departments to strengthen supervision and asks platforms and media to be responsible for their own ad content, ensuring that similar fraudulent activities no longer occur and protecting the public from deception.
In Facebook pages related to the blockchain industry, including Chain News, there are often cases of impersonation fraud. What’s even more frightening is that scammers, due to the anonymity of cryptocurrencies and the irreversibility of funds, trick many people into transferring funds to the scammers’ cryptocurrency wallets through comments on fake pages. Compared to ordinary impersonation scams, it is easier to quickly lose money and disappear from financial regulation’s sight. We urge all readers not to trust any investment or lottery activities on Facebook through comments or advertisements to avoid falling into traps.
In recent years, Facebook has faced criticism for its inaction in controlling and managing risks on social platforms. This year, Meta founder Mark Zuckerberg was accused by legislators of disregarding youth protection during a hearing in the United States and was criticized as having “blood on his hands,” leading to his apology.
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