Facebook and YouTube are Facing a $600M Lawsuit for Crypto Ad Bans in 2018

By Abhimanyu Krishnan | News | 14 Aug 2020

On August 13, Australian law firm Law firm JPB Liberty filed a class action lawsuit against Facebook and YouTube for the banning of cryptocurrency advertisements on their platforms in 2018.

  • Case has been filed in the Federal Court of New South Wales
  • Speaking to CoinTelegraph, JPB Liberty CEO Andrew Hamilton said that the two platforms enacted the ban to crush competition
  • Hamilton calls the ban anti-competitive and partly responsible for the death of the ICO market
  • YouTube has faced multiple lawsuits in the past few months, most notably from Ripple and its CEO Brad Garlinghouse
  • Hamilton also says that majority of scams are impersonators, which is at the core of lawsuits from Ripple and Steve Wozniak
  • Firm has asked for claimant sign ups until August 21, with $600 million already being claimed

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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