Australian Commonwealth Bank warned of a fake news article circulating on Meta Platforms, Inc’s Facebook and other social media platforms. The article alleges that the multinational bank has partnered with a trading platform in order to encourage people to invest in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.
The country’s top lender further added that it has reported the scam to the relevant authorities and asked social media giants, including Facebook, to take down the article.
CBA alleged that “the “article,” which purports to be a story on the Australian Broadcasting Corporation (ABC) news website, is a scam designed to entice unsuspecting people to go to the scammer’s website and provide their personal details and money.”
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