Israelis to sue Facebook for $500B in Australia

Less than 18 months after Facebook led a draconian ban of all cryptocurrency related advertising ("Ad Ban"), it turns out that Facebook itself was planning its own multi-billion-dollar Libra cryptocurrency.

Facebook, Google & Twitter have been sent legal letters putting them on notice about this claim for damages exceeding $500 billion, comprising over $350 billion in investor losses from market drops, over $150 billion in cryptocurrency exchange revenue losses and untold billions of cryptocurrency project losses.

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