META · News · 20260912N

Scam-Ads Class Action

Meta Platforms, Inc. · 2026-09-12 · Importance 31 · Surprise 42

Meta Platforms and Instagram LLC face a new nationwide class action alleging that the companies profit from cryptocurrency scam advertisements. The plaintiffs claim Meta knew about the fraudulent ads but failed to implement adequate measures to stop them. The complaint alleges that Meta used artificial intelligence to optimize the effectiveness of the scam advertisements. The suit asserts violations of California consumer-protection laws and breach of contract, and seeks to represent users who lost money through cryptocurrency scams promoted on Meta’s platforms.

Key facts

• A new class action lawsuit has been filed against Meta Platforms Inc. and Instagram LLC alleging that Meta profits from scam cryptocurrency ads displayed on its platforms. source
• The class action seeks to represent a nationwide class of users who suffered losses from crypto scams promoted through ads on Meta's platforms and sues for violations of California consumer laws and breach of contract. source
• The plaintiffs in the class action claim Meta is aware of fraudulent crypto ads but fails to take adequate measures to stop them and instead uses AI to optimize their effectiveness. source