(Reuters) – Commonwealth Financial institution of Australia (OTC:) warned of a faux information article doing rounds on social media platforms alleging the nation’s No. 1 lender to have partnered with a cryptocurrency buying and selling platform to encourage individuals to put money into crypto belongings.

CBA branded https://www.commbank.com.au/articles/newsroom/2022/04/cryptocurrency-scam-warning.html the article to be “completely false and unfaithful” on Tuesday, including that it had reported it to the related authorities and requested social media publishers, together with Fb (NASDAQ:), to take down the article.

The report comes months after Australia’s richest man and chairman of Fortescue Metals Group (OTC:), Andrew Forest, filed a lawsuit in opposition to Fb-owner Meta Platforms alleging it breached anti-money laundering legal guidelines and used his picture to advertise cryptocurrency schemes.

Final month, Australia’s competitors watchdog had additionally filed an identical lawsuit in opposition to Meta with allegations of selling faux cryptocurrency adverts that includes well-known individuals.

CBA added that it has warned Australians via its personal channels not to answer or click on via to the web site in the event that they obtain the alleged faux article.

It additionally alleged that the article was “designed to entice unsuspecting individuals to go to the scammer’s web site and supply their private particulars and cash.”

Final 12 months, CBA grew to become Australia’s first main-street financial institution to supply a platform for retail clients to commerce in cryptocurrencies.