YouTube Finally Responds to Giveaway Scams

By Abhimanyu Krishnan | News | 22 Jul 2020

In a report published by Law360 on July 21, YouTube has responded to a lawsuit filed by Ripple and its CEO Brad Garlinghouse that demanded that YouTube take action for XRP giveaway scams. The legal team of the video platform denied that it had any liability for content posted and its descriptions.

The legal team cited Section 230 of the Communications Decency Act, which can be interpreted as protecting content platforms from liabilities related to information provided by third parties.

Ripple and CEO Garlinghouse filed the lawsuit in April 2020, arguing that YouTube should take measures to stop the many giveaway scams that are executed by impersonators of Ripple and its officials on the video platform. It argued that YouTube benefited from the content through revenue earned from paid ads. 

Over 300 channels were identified by Ripple as being guilty of impersonation, mostly of CEO Garlinghouse. In the lawsuit, Ripple asked that YouTube take a more aggressive and proactive approach in dealing with scams, including a more rapid response and that no one profits from them. On its part, Ripple has hired an external cybersecurity firm and digital intelligence vendor to tackle the matter.

Scams have made the headlines again after the massive Twitter hack that occurred on July 15. Victims included high-profile figures like Barack Obama, Joe Biden and Bill Gates, as well as crypto entities and individuals like Changpeng Zhao, Charlie Lee, Binance and Coinbase.

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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