Reuters: Australian prosecutors drop charges against billionaire Andrew Forrest over Meta

ChainCatcher news, according to Reuters, Australian prosecutors have dropped billionaire Andrew Forrest's lawsuit against Meta.

A spokesperson stated that the department found insufficient evidence to proceed with the prosecution. In February 2022, Andrew Forrest filed a lawsuit against Meta, claiming that Meta failed to prevent cryptocurrency scam ads using his image and name on Facebook. In the documents submitted for the case, Andrew Forrest stated that Meta promised him in 2019 that it would help remove cryptocurrency scam ads featuring his face, but these ads continued to be shown to Australian Facebook users, resulting in significant losses for victims.