The Australian CBA has rejected reports of its partnership with the Crypto Business Forum

Pedestrians were displayed on the Commonwealth Bank logo on August 10, 2015 in Sydney, Australia. REUTERS / David Gray / File Photo

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April 19 (Reuters) – Commonwealth Bank of Australia (CBA.AX) has warned of a fake news article circulating on social media in partnership with the cryptocurrency trading platform to encourage the country’s No. 1 lenders to invest in crypto assets.

The CBA on Tuesday reported that the article was “absolutely false and far from the truth” and called on social media publishers, including Facebook, to publish it.

The report comes months after Australian billionaire and chairman of Fortesku Metals Group (FMGX) filed a lawsuit against Facebook owner Meta Platform (FBA) for allegedly violating anti-money laundering laws. Introduce Cryptop Plans.

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Last month, the Australian Competition Team filed a similar lawsuit against Meta for advertising fake celebrities. Read more

The CBA also warned Australians not to respond to comments or clicks on its own channel.

The article states: “It is intended to get unsuspecting people to go to the fraudster’s website and submit their personal details and money.”

Last year, CBA became Australia’s first major bank to offer its retail customers a platform to trade in crypto currencies. Read more

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Reporting by Indranil Sarkar in Bengalguur; Correction by Rashimi Iich

Our standards are published in The Thomson Reuters Trust Principles.


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