Facebook will be charged with a record fine by the US Federal Trade Commission

It is reported that Facebook will be indicted by the US Federal Trade Commission because of a massive data breach. Facebook has reportedly violated the privacy of its users by selling their personal information to third parties for a long time.

Investigation of the Federal Trade Commission's Facebook

According to a recent report, the US Federal Trade Commission is on track to impose a huge fine on Facebook. The giant of social networks has done little to protect the privacy of its users, reaching an amount of two billion per month.
Cambridge Analytic scandal

At the beginning of last year, Facebook was accused of allowing Cambridge Analytica, a data analysis company in the UK, to use personal information of about 87 million users without their permission.

It is said that this was a violation of the agreement on consent, which was made in 2011, when Facebook agreed to receive permission from its users before sharing their personal information with third parties.

Although Facebook denies all the allegations, the consequences of these statements are already catching up with the platform. Some users have deleted their accounts, saying that they are concerned about this use of their data. For example, actor Will Ferrell and Playboy magazine.

Also billionaire Ilon Musk deleted accounts of their companies Tesla and SpaceX.
“This is not a political statement, and I did not do it because someone forced me. I just don't like Facebook. ”

Another disadvantage of centralization

This fiasco was heavily criticized by the blockchain community. The privacy breach perpetrated by Facebook has further strengthened the position of cryptocurrency supporters when it comes to trusting data from a large centralized organization. Facebook is currently used as a guide when talking about the reasons why everything should be decentralized.