well done, you’ve clearly uncovered a huge scam & you’re right, you should report this to the Advertising Standards Authority straight away!!!
It would be great to hear what their response is because it’s obviously this isn’t a scam at all. Monzo don’t request access the rest of the contacts in your phonebook at this point & when they do access them, once you’ve activated your card & given permission, they don’t market to them or even store them on their servers.
I hope this post isn’t deleted actually (& I doubt it will be, as I’ve never seen one like this be deleted before) so that if you continue posting, everyone can see how ridiculous these claims are.
Also, should I call you Robert or Alexander? You seem to have a lot in common 