Cryptocurrency advertisements keep on cropping up on Facebook despite being recently banned by the social network’s team. Many Facebook users still can see those blacklisted ads.
Matthieu Suiche, the founder of cybersecurity startup Cornae Technologies, twitted a screenshot showing one of such ads. The advertisement contained a link to the article of questionable credibility titled “MUST READ! Don’t Invest in BlTC0lN Before You Read This”.
“This is ridiculous. Ads are evading new Facebook rules against crypto currencies, and [Initial Coin Offerings] by misspelling them. ‘BlTC0lN’ with L and Zeros,” Suiche tweeted, explaining the means used to evade the recently imposed ban.
Investigation into the matter conducted by the Facebook team confirmed the expert’s opinion. As it turned out, the misspellings in the text of the advertisement were made intentionally in order to circumvent the newly set filters designed to block off all cryptocurrency-related information.
The ban announced by Facebook applies to advertisement of all cryptocurrencies, Initial Coin Offerings (ICOs) and certain financial tools like binary options. According to the new policy posted by Facebook’s administrators, all these are considered to be “financial products and services that are frequently associated with misleading or deceptive promotional practices”.