WebFeb 22, 2024 · Facebook uses a combination of AI and human moderators to flag advertisements. But the company’s human moderation is “entirely inadequate,” and it’s not clear how many scams its AI flags before they reach users, said Paul Bischoff, the editor of Comparitech, a site that rates security software and has monitored illegal Facebook ads. … In fact, the FTC’s new data spotlight shows that, since October 2024, nearly 7,000 people reported losses to bogus cryptocurrency investments, adding up to more than $80 million. People ages 20-49 were more than five times more likely than other age groups to report losing money on those scams.
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