{"id":24481,"date":"2022-04-19T16:55:45","date_gmt":"2022-04-19T20:55:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24481"},"modified":"2022-10-10T18:14:33","modified_gmt":"2022-10-10T22:14:33","slug":"commonwealth-bank-of-australia-cba-falls-vic","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/commonwealth-bank-of-australia-cba-falls-vic\/","title":{"rendered":"Commonwealth Bank of Australia (CBA) Falls Victim to Crypto News Scam"},"content":{"rendered":"\n
The Commonwealth Bank of Australia<\/a> (CBA) issued a statement urging users to disregard reports that the bank had partnered with a trading platform<\/h5>\n\n\n\n
\"Commonwealth
Commonwealth Bank of Australia (CBA) Falls Victim to Crypto News Scam<\/figcaption><\/figure>\n\n\n\n

Australia Bank Is Not In Partnership With Any Crypto Trading Platform<\/h2>\n\n\n\n

The Commonwealth Bank of Australia (CBA) issued a statement urging users to disregard reports that the bank had partnered with a trading platform.<\/p>\n\n\n\n

The “article” appears to be a story on the Australian Broadcasting Corporation (ABC) website, but closer inspection reveals that the website is merely a funnel for users to be directed to the scammer's<\/a> website.<\/p>\n\n\n\n

\u201cCommonwealth Bank has become aware of a fake news article circulating on social media, including Facebook, alleging the bank partnered with a cryptocurrency trading platform to encourage people to invest in crypto assets. “This is totally false and untrue,\u201d reads\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> the warning.<\/p>\n\n\n\n

The bank revealed that it had urged social media publishers to remove the article and had even gone so far as to file a formal complaint with authorities.<\/p>\n\n\n\n

Bank Warns Customer Not To Click Links<\/h2>\n\n\n\n

The bank warned customers via an internal channel not to click<\/use><\/svg><\/span><\/a> on links to the article because they risk losing their funds.<\/p>\n\n\n\n

In 2021, the Commonwealth Bank of Australia made history<\/use><\/svg><\/span><\/a> by becoming the first high-street bank to allow customers to trade cryptocurrencies in collaboration with Gemini. <\/p>\n\n\n\n

“We believe we can play an important role in crypto to address what is clearly a growing customer need,” the bank's CEO, Matt Comyn, said at the time.<\/p>\n\n\n\n

The Australian Competition and Consumer Commission (ACCC) filed a lawsuit against Meta last month, alleging that it “aided and abetted or was knowingly involved in false or misleading conduct and representations by the advertisers.”<\/p>\n\n\n\n

According to the Commission, Facebook failed to address scam ads that were displayed on the platform. In response, a company spokesperson says they will “review the ACCC's recent filing and intend to defend the proceedings.”<\/p>\n\n\n\n

Andrew Forest, chairman of Fortescue Metals Groups, has also filed a lawsuit against Meta for allegedly using his image to promote cryptocurrency schemes on their platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Commonwealth Bank of Australia (CBA) issued a statement urging users to disregard reports that the bank had partnered with a trading platform Australia Bank Is Not In Partnership With Any Crypto Trading Platform The Commonwealth Bank of Australia (CBA) issued a statement urging users to disregard reports that the bank had partnered with a […]<\/p>\n","protected":false},"author":29,"featured_media":24482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,11476],"tags":[5862,6369],"class_list":["post-24481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-hacks-and-scams","tag-australia-2","tag-crypto-scam-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Australias-Largest-Bank-Falls-Victim-to-Crypto-News-Scam.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24481"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24482"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}