Libra Scams Already Proliferating On Facebook Itself

The Washington Post reports:

A wave of fakes purporting to sell or represent Facebook’s not-yet-available Libra currency have swept onto the social-media giant’s platforms, highlighting how the tech firm is struggling to rebuild trust and fight the fraud likely to surround the new financial system.

Roughly a dozen fake accounts, pages and groups scattered across Facebook and its photo-sharing app Instagram present themselves as official hubs for the digital currency, in some cases offering to sell Libra at a discount if viewers visit potentially fraudulent, third-party websites.

A number of fake Facebook and Instagram accounts were removed Monday after The Washington Post alerted Facebook to their spread.

The above-linked article notes that Libra scams on Facebook could undermine confidence in the currency when it launches. Yeah.