It’s barely been a month since Facebook unleashed its cryptocurrency Libra into the wild and published its whitepaper. But already, the social media giant has been forced to address a growing number of fake communications associated to its digital asset.

Around a dozen “fake accounts, pages, and groups,” claiming to be official Libra outlets, have sprung up on Facebook and Instagram, The Washington Post reports . This is on top of the growing list of websites claiming to already be selling Libra tokens .

The fake communications reportedly featured Facebook‘s logo, branding, photos of Mark Zuckerberg, or Libra‘s official marketing imagery.

The big F has already removed a number of the accounts after it was notified by The Washington Post (WP) yesterday.

“Facebook removes ads and pages that violate our policies when we become aware of them, and we are constantly working to improve detection of scams on our platforms,” a spokeswoman said in a statement to WP.

Facebook‘s lackadaisical attitude to keeping its own platform free of fake ads and scams won’t do it any good in the long run.

“There is a deep irony here in Facebook being used as the platform that could undermine trust in the currency Facebook is trying to build trust in,” Eswar Prasad, economics professor at Cornell University, told The Washington Post.

Earlier this month, Facebook‘s head of Calibra, David Marcus, faced questions at a senate hearing. Marcus received numerous questions that interrogated many of Facebook‘s claims about its digital currency. Indeed, trust was a common theme and cropped up 69 times during the questioning.

Alongside these groups, Facebook has been fighting against a swathe of fake Calibra websites, too.

In June, Hard Fork spotted a fake website claiming to be offering a Libra token pre-sale. The website’s URL replaced the “i” in Calibra with a Unicode character known as “Latin small letter I with grave,” to trick visitors into thinking they were on a legitimate site.

The website has now been removed and it appears the Ethereum address associated to the scam didn’t see any cryptocurrency.

At the time a spokesperson from Facebook told Hard Fork that it was “aware of this and [was] looking into it.”

This was just one of hundreds of websites – according to The Independent – thought to be illegitimately capitalizing on interest in Facebook‘s new venture.

Facebook certainly has its work cut out if it’s going to build trust when so many fakes exist on its own platform and beyond.

Ripple Labs wants the US to forget it’s being sued for selling Ripple (XRP) illegally

Ripple Labs, the company behind the Ripple (XRP) cryptocurrency, has formally requested a US federal court dismiss a class action lawsuit that alleges it illegally sold unregistered securities, Fortune reports.

A number of investors are claiming to have lost money after Ripple Labs convinced them to buy its Ripple (XRP) cryptocurrency. The group has demanded that Ripple Labs pay damages and declare that Ripple (XRP) is security.

In response , Ripple Labs says that federal regulators have already concluded that Ripple (XRP) is a currency and a commodity, not a security — an assumption based on interpretation of previous regulator statements and not official rulings (in other words, a stretch).

As it turns out, US regulators have only said that two cryptocurrencies are sufficiently decentralized to be considered real currency, Bitcoin and Ethereum (not Ripple (XRP)).

In July, however, bagholders rejoiced when the UK financial watchdog loosely implied that Ripple (XRP) has “similar features” to Ethereum, choosing to believe this meant Ripple Labs’ tokens weren’t classified as securities (again, a stretch).

Here’s how Ripple Labs is fighting the lawsuit

According to Fortune, Ripple Labs’ defence has sought dismissal by hiding behind a law that protects companies from these kinds of lawsuits once three years have passed.

While it certainly appears that Ripple Labs’ sale of its Ripple (XRP) tokens is eternal , the firm claims to have only conducted one sale in 2013. As these investors filed their suit in 2018, Ripple Labs says they’re shit out of luck.

The company also alleges these particular investors didn’t buy Ripple (XRP) from its coffers directly, so it shouldn’t be legally responsible for the sales.

A resolution to this case isn’t likely to include a ruling as to whether Ripple Labs’ Ripple (XRP) token is a security, but you can still read more about how the US determines these kinds of classifications here, direct from the desk of SEC chairman Jay Clayton.

SpankChain launches SpankPay so users can pay for porn with Bitcoin

Adult content platform SpankChain has launched SpankPay, a cryptocurrency payments platform.

As a result , customers will now be able to pay using several cryptocurrencies including Bitcoin , Ethereum , and Litecoin . The platform also accepts privacy-focused coins such as Zcash and Monero.

SpankPay is launching with two partners, which have already integrated the solution: SkyPrivate, Skype-based webcam service and JustFor.Fans, a blogging and market place for adult entertainers.

“With SpankPay, we are bringing immediate value to adult merchants by helping them accept crypto [sic], avoid chargebacks, and reach a global audience ,” said Ameen Soleimani, SpankChain’s CEO .

SpankChain said in a blog post that its new service would charge a 0.5 percent transaction fee.

Today’s news comes after SpankChain suffered a cryptocurrency hack in October last year.

As previously reported by Hard Fork , the company temporarily took down its adult streaming platform after attackers exploited its smart contracts to steal $38,000 worth of Ethereum . The company then said it would organize an airdrop to reimburse affected users .

However, SpankChain is obviously not the first adult site to accept payment in cryptocurrency .

In fact, Pornhub announced a partnership with anonymous cryptocurrency Verge in April last year. Several months later, Pornhub told Hard Fork that cryptocurrencies accounted for “less than 1 percent of purchases made” on the platform.

Other companies have taken a far more, err, exciting approach. Webcam platform CamSoda launched an interactive platform that made sex toys vibrate when the price of Bitcoin , Litecoin , or Ethereum increased.