Libra Profit
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
Libra Profit is not regulated by any recognized financial authority. Multiple consumers have reported losing money to this platform. If you have been contacted by this platform, do not send any money.
What is Libra Profit?
Libra Profit falsely associated itself with Facebook's Libra project (now Diem) to appear legitimate. It has no connection to Meta or any regulated entity.
Red Flags
Falsely claims association with Facebook/Meta
Uses Meta branding without authorization
No financial regulation or license
Promises automated profits from Libra trading
Required deposits go to unregulated brokers
No verifiable company address
How the Scam Works
By leveraging the name recognition of Facebook's cryptocurrency project, the scam attracts users who believe they are investing in a legitimate Meta-backed platform. Deposits are routed to unregulated brokers, and the platform is designed to prevent withdrawals.
What to Do If You've Been Scammed
Stop all communication with the platform immediately. Do not send any more money. Document all transactions, emails, and screenshots. Report to your local financial regulator and police. Contact your bank to attempt a chargeback on credit card payments. Be wary of 'recovery' services that may be secondary scams.