Meta has turned out to be the new home for scammers after X. I don't know which of the two platforms accommodates the most scammers; these paid ads just appear everywhere, and if you mistakenly click on one, it's as if you have alerted the algorithm, which suggests them to you, and you will keep on seeing them appear on your newsfeed. Sometimes I try to report them; other times I just ignore them and keep on scrolling.

If you report the ads to Facebook, I am not sure they will take down the ads and prohibit especially if they pay for high cost. Maybe Facebook will reminds them and ask them to cancel their ads for a while until no reports to them.

I am not too often checks my Facebook so I don't see the ads. But if I see it, I will leave it and will not click because I don't interesting with the ads.

I use X, YouTube and nothing more. I wonder why people are using Facebook because I mostly see anything happening online on X and YouTube where scam are far less.

Only what Mark Zuckerberg owns that I use is Whatsapp. I think everybody use WhatsApp if it is available in the country.

There are some scam contents on YouTube, I report them as soon as possible but they are rear to see. I only use X to read what is happening about bitcoin and other cryptocurrencies.

It will be better for Facebook users to report the scam ads if they like the platform but I do not think I can make use of such platform.

It's so difficult to get a crypto add up on Facebook, I would expect that scams would be much more difficult to get through but that's obviously not the case here.

In your privacy settings you can reduce the number of ads you see on a particular topic. I can't see a way to block ads yet but you can reduce how they customize it to your interests.

I've been seeing these for almost a day and reported each of them on Facebook with different reasons because they are impersonating Binance and the Solana site, but still they are still appearing on my Facebook. when scrolling down.

I believe the owner who is promoting this on Facebook got a free credit from Facebook. There are few people selling this free credit on marketing forums.
The problem is why Facebook didn't manually check the website before they allowed it to advertise.
Those ads only redirect you to one domain with different paths and parameters. The smart thing is they made it look legit because it shows the right website from the front of their ads, but you will end up at the phishing site.

So be careful clicking the phishing site; sometimes there's a script that automatically installs malware silently.

The worst thing to do is to report them knowing too well that those ads are being sponsored and paid for.. they paid Facebook to keep displaying those ads to people on their pages and or while making use of their face they do load it up to people and Facebook don't care to check the authenticity of those ads what they mostly cared about is the amount paid to feature those ads to targeted and required audience. For instance, it could be that the ads poster posted it to target people from US or Canada so anyone who is from these country that is above the sets age could starts seeing the ads on their home while scrolling.

I have been very accustomed to how the system work by now, I'm not new anymore to some games that the scammers are still playing, being a participants in some bounties and airdrop back in the day, I have learned their repeated method. If I see those ads, I don't even spend time to click but I will scroll pass it because I know what they are aiming for. Although since I changed my Facebook, I don't regularly get those ads, apart from that, I'm very careful with ads.

This is another good reason to not use these ridicolous instruments. The idea itself its not bad, but the final result is clear dystopic.
OP after you click one of these, it's like they understand that you can click more of this... this is why you start to see more and more (ads are based on preference etc etc...)
Imagine a guy get scammed. After this... casually appears other services to recover coins, fake lawyers and so on.
"surveillance capitalism" or maybe just another form of capitalism...

I read this thread Beware Phishing sites in facebook related to free BNB and Solana!!! this morning in beginner's and help board. It's entirely the same with this thread as pointed out by Charles-Tim on that thread. Facebook ads is largely generated based on your preferences and interest. If you're into airdrop, you're likely to see bunch of airdrop ads both genuine and fake. If you click on the link you'll see a Facebook disclaimer so I still don't get it why the ads is sponsor by Facebook and still disclaim having connection with them. It only means they care about their revenue more than our safety.

The issue does not stop at downloading fake programs that contain Trojans which compromise devices and steal data including crypto wallets if they are installed on the device. It is always necessary to deal with official websites when downloading wallet software and avoid installing executable files as they are often bundled with malicious files and such files should be scanned using sites like VirusTotal and analyzed technically within a virtual environment like VMware before execution.

This is even common on all social media platforms. I recently used the Threads app and noticed ads promoting platforms that appear to be Ponzi schemes, promising high daily returns in USDT. This time, Social media has become a great risk for beginners and promoted ads are not proof of its legitimacy. Blind trust in such ads can lead to severe consequences.