ChainCatcher news reports that, according to the U.S. police, a Florida man impersonated billionaire Elon Musk on Facebook and scammed over $250,000 from an elderly woman.Earlier this week, police arrested 56-year-old Jeffrey Moynihan, Jr. on charges of grand theft. The Bradenton Police Department stated that financial records show the victim, a woman from Texas, sent at least $250,000 to Moynihan's company in Florida. The victim's husband further told police that she had sent a total of "about $600,000" to Moynihan.Bradenton police said they arrested Moynihan at his home on November 19, noting that the real Elon Musk was likely busy with the sixth SpaceX Starship test flight that day.Police stated that the 74-year-old victim became friends on Facebook with an account named "Elon Musk" in 2023. The woman communicated with the fake account for "months," during which the impersonator encouraged her to invest in his business.The "fake Musk" promised the woman a $55 million return on her investment. However, police indicated that the money went directly into Moynihan and his company "Jeff's Painting and Pressure Washing, LLC" bank accounts.In body camera footage released by the police, Moynihan questioned why they had issued an arrest warrant when he was taken into custody. He asked in the video, "Grand theft? What did I steal?" It is currently unclear whether Moynihan has hired a lawyer. The Bradenton Police Department has not yet commented on this matter.

According to ChainCatcher news, The Information disclosed that the venture capital firm Andreessen Horowitz (a16z) has appointed former Facebook policy director Matt Perault as the head of AI policy for its Washington, D.C. office. Before joining a16z, Perault served as the director of the Center for Technology Policy at the University of North Carolina at Chapel Hill. Perault will lead the firm's bipartisan policy initiatives in areas such as open-source models and AI startups.

ChainCatcher news, according to Jin10, Meta stated that it will reduce the monthly subscription price for its services in the EU from €9.99 for desktop users to €5.99, and from €12.99 to €7.99 for iOS and Android users.

ChainCatcher news, according to Cryptonews, Thai authorities have cracked a cross-border cryptocurrency fraud case, which allegedly defrauded a local woman of over $620,000.According to local reports, the network spans Thailand, Cambodia, and Myanmar, operating a highly organized scam involving fake online investment opportunities, identity theft, and cross-border money laundering. Investigations reveal that the suspects used a fake investment chat group to lure victims, subsequently moving to private messaging applications to exert more control. In this case, the victim Mallika contacted the scammers through a public Facebook group and was ultimately persuaded to invest in a fake high-return cryptocurrency and stock portfolio, transferring a total of 21 million Thai Baht (approximately $621,000).The Thai Immigration Bureau has obtained arrest warrants and apprehended several suspects, and the case is still under further investigation.

ChainCatcher news, Matrixport officially launches the "Official Channel Verification" feature, supporting official account verification for multiple channels including website links, email addresses, phone numbers, WeChat IDs, Twitter accounts, Telegram IDs, Instagram accounts, LinkedIn accounts, Facebook IDs, and YouTube accounts.To further enhance users' awareness of security protection, Matrixport has set up a "Security Reward" to encourage users to use the "Official Channel Verification" feature, reducing the potential risk of external personnel and external links impersonating Matrixport for phishing.

ChainCatcher news, according to CNBC, 88 current and former executives from the American business community support U.S. Vice President Kamala Harris for the presidency. The signatories include well-known CEOs from several publicly traded companies, including Aaron Levie of Box, Jeremy Stoppelman of Yelp, and Michael Lynton, chairman of Snap.Some signatories appear to be publicly supporting her for the first time since Harris became the de facto Democratic candidate in July. This includes James Murdoch, former CEO of 21st Century Fox and heir to the Murdoch family media empire, as well as cryptocurrency executive Chris Larsen, co-founder of the Ripple blockchain platform.Among the signatories, more than a dozen made their fortunes on Wall Street, including Tony James, former president and COO of Blackstone Group and founder of Jefferson River Capital, and Bruce Heyman, former managing director of private wealth management at Goldman Sachs.However, among all the signatories, the vast majority of the 88 endorsing Harris are former CEOs of large publicly traded companies, including Indra Nooyi, former CEO of PepsiCo, Barry Diller of Paramount Pictures, Ken Frazier of Merck, Logan Green of Lyft, Blake Irving of GoDaddy, Laxman Narasimhan of Starbucks, and Dan Schulman of PayPal.

ChainCatcher news, according to Cointelegraph, Facebook's parent company Meta has denied claims that more than half of the crypto ads on Facebook are scams, stating that this data is outdated and that measures have been taken to address the issue. As part of its 2022 lawsuit, the Australian Competition and Consumer Commission (ACCC) recently claimed in documents submitted to the federal court that 58% of the crypto ads it reviewed on Facebook were scams.A Meta spokesperson stated in a statement: "The data in the ACCC's claim relies on outdated information from 2018 and comes from a limited data set. Other means of contact remain the primary way people are scammed, and the ACCC's data is unlikely to accurately reflect the current state of our platform. The preliminary analysis mentioned is an allegation in the ACCC's claim, involving a historical internal study conducted in 2018 on a small sample of ads; Meta is defending against the ACCC's claim and will respond to this allegation at the appropriate time. Scammers exploit every platform they can, constantly adjusting their strategies to evade law enforcement. Meta does not want scams to occur on its platform, and we will continue to work tirelessly to prevent scams and protect our users."

ChainCatcher news reports that Australia's competition regulator cites a report stating that over half of the cryptocurrency ads on Facebook are either scams or violate Meta's policies.The Australian Competition and Consumer Commission (ACCC) stated that 600 ads were identified during the investigation. Currently, the agency is focusing on 234 ads and claims that other celebrity scam cases may be discovered after the investigation process concludes. The regulator noted, "At least since January 2018, Meta has been aware that a significant portion of cryptocurrency ads on the Facebook platform use misleading or deceptive promotional practices."The ACCC stated, "Advertisers must agree to certain contractual terms, which include compliance with Meta's advertising policies. These policies prohibit the publication of ads that use deceptive or misleading practices."It is alleged that although Meta removes individual ads after receiving complaints and sometimes bans related accounts, it continues to display similar ads featuring the same celebrity or other public figures and profits from them.

ChainCatcher news, Paradigm has hired David Swain as its CMO. Swain previously served as the global communications head at Instagram and the senior director of technical communications at Facebook, and he was also the global partnerships vice president at Strava, a social fitness app and community with over 120 million members.Swain's appointment comes shortly after Paradigm raised $850 million for its third fund in June.

ChainCatcher news, according to the Daily Mail, a lawsuit alleges that Facebook's parent company Meta reportedly allowed streaming giant Netflix to view its users' private messages for "nearly a decade" to help Netflix better tailor content for its users.Court documents unsealed on March 23 revealed details of a major antitrust lawsuit filed against Meta last April. The class action was brought by American citizens Maximilian Klein and Sarah Grabert, accusing Netflix and Facebook of having a "special relationship," claiming that Facebook allowed Netflix "customized access" to user data. The two Silicon Valley companies also agreed to "customized partnerships and integrations" at least since 2011, which helped enhance Facebook's advertising targeting and ranking models.

ChainCatcher news, according to Watcher.Guru on social media X, Facebook sold all of its users' private information to Netflix for $100 million.

ChainCatcher news, ETF Store President Nate Geraci stated on X that Facebook and Instagram may soon allow spot Bitcoin ETF advertisements.