Meta has launched AI-powered anti-scam tools across WhatsApp, Facebook, and Messenger, while a law enforcement operation disabled 150,000 scam network accounts.

AI enabled crypto fraud activity has jumped by 500% over the past year, according to a recent report from TRM Labs.

Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, internal company documents ...