Meta Don Block 6.8 Million WhatsApp Accounts to Tackle Crypto Scams

Meta don ban over 6.8 million WhatsApp account wey link to crypto scam for first half of 2025. Dem pro-active detection tools block “pig butchering” schemes—wey scammers dey build trust with romance or low-risk investment promise to swindle cryptocurrency—before centres go fit launch dem. To stop more WhatsApp scam, Meta roll out in-app alerts for unknown group invites and add fraud flags. Dem also partner with OpenAI to tear down one Cambodia-based ring wey dey use ChatGPT script social-engineering messages. Blockchain analytics firm Chainalysis talk say pig butchering scams contribute 33.2% of digital asset scam revenue for 2024, with losses near to $10 billion. Because crypto fraud dey increase, U.S. lawmakers introduce GUARD Act to give agencies blockchain tracing tools.
Neutral
Meta crackdown on crypto scams dey strengthen platform security and fit boost trader confidence over time. But e no directly affect supply or demand movement of any particular cryptocurrency. So, immediate price impact for crypto market go dey neutral.