Last week , we reported about these alarming cryptocurrency scams spreading via Twitter . These were n't your garden-variety spam posts either , but rather , fraudsters were hacking into the verified accounts of celebrities and brands in an attempt to lure Attack.Phishing unsuspecting victims . But it looks like these crypto-scammers are moving on and are now targeting other social media platforms , as well . This time , they 're gaming Facebook 's official sponsored ad system to fool Attack.Phishing eager people who are looking to make a quick profit . Read on and see what this new scheme is all about . Cybercriminals are relentlessly coming up with new tactics all the time , and it 's always good to be aware of their latest schemes . This new ploy is a classic phishing scam Attack.Phishing that 's meant to steal your personal information like your name , email and credit card numbers . And similar to other elaborate phishing scams Attack.Phishing , these cybercriminals created Attack.Phishing a bunch of fake websites , news articles and ads for that purpose . The whole ploy starts with a fake Facebook sponsored ad promoting an easy `` wealth building '' scheme . Accompanying the post is an embedded report that appears to originate from the news site CNBC . If you take the bait Attack.Phishing and click through the ad , the ruse gets more obvious . First , the link 's web address does n't belong to any CNBC domain . However , the fraudsters mimicked Attack.Phishing the look and feel of the real CNBC site so there 's a chance an unsuspecting eye might get duped Attack.Phishing . But yes sir , the entire news article is completely fraudulent , the fakest of fake news . Basically , it states that Singapore has officially adopted a certain cryptocurrency and has anointed a firm , dubbed the CashlessPay Group , to market and purchase it . Nevermind that CashlessPay sounds just like another third-rate pyramid scheme , but let 's go along for the ride , shall we ? You probably know by now that there are tons of bogus information going on in Facebook at any given time . The social media giant is trying to clean up its act , though . If you can recall , Facebook banned blockchain and cryptocurrency ads earlier this year but softened its stance by allowing pre-approved cryptocurrency advertisers to post sponsored ads . ( Ca n't resist the revenue , eh ? ) But as always , scammers have found a way to exploit this loophole to spread their scams .