In early February, Australian resource mining billionaire Andrew Forrest took Meta to court, accusing it of violating local anti-money laundering laws by failing to stop false cryptocurrency advertisements on its platform.
In its court filings, however, Facebook categorically denied Andrew Forrest’s allegations, saying the company’s terms of service shielded it from liability. Because Andrew Forrest has an official Facebook account, that means he has agreed to Facebook’s terms of service, Facebook said.
Facebook says it is not responsible for crypto scam ads for a number of reasons. The company is protected by Section 230 of the U.S. Communications Decency Act, which limits a site’s liability for third-party content posted on its platform. Andrew Forrest has until February 22 to respond to Facebook’s court filing.