Thailand is taking a dramatic step to protect its citizens from crypto scams by seeking a court-ordered shutdown of Facebook. The Ministry of Digital Economy and Society (MDES) has identified 200,000 victims of fraudulent advertisements peddling fake investment opportunities and crypto scams. MDES spokesperson Chaiwut Thanakamanusorn has stated that the government is asking the court to close Facebook if it does not take swift action to remove these fake pages.The scams use a variety of tactics to deceive people, including the use of images of celebrities and prominent financial figures. They also promise exorbitant daily returns of up to 30%. MDES has warned the public to be vigilant against suspicious offers and profiles. The ministry is gathering evidence to present to the court to prove Facebook’s role in perpetuating fraudulent activities.The outcome of the court’s decision could range from the shutdown of identified pages and accounts to the complete closure of Facebook in Thailand. It is essential for both platforms and regulatory bodies to work together to ensure a secure online experience for users.

Information Details
Geography Asia
Countries 🇹🇭
Sentiment negative
Relevance Score 9
People Chaiwut Thanakamanusorn, Wetang Phuangsup
Currencies None
Securities None

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