Apple co-founder Steve Wozniak filed a lawsuit against YouTube and Google due to a fake bitcoin scam that uses images and videos of Wozniak and other celebrities, including Elon Musk and Bill Gates.
The scam tells people send cryptocurrency to a certain address with the promise that they will receive double in return. When users transfer, nothing is returned. This is the same strategy used on during the massive hack into accounts of personalities and companies on Twitter last month.
Actual screen shot of the scam when it was live.
The new lawsuit focuses on the inaction of the social network to prevent the proliferation of fraudulent messages. It occurs at the same time that YouTube's legal team files a motion to dismiss the claims filed last April by Ripple and its CEO, Brad Garlinghouse, for this same problem of cryptocurrency scam videos. In this case using XRP.
"When Twitter was hit with a massive hack of 130 celebrity accounts, they were quick to shut down the Bitcoin scam in one day. In stark contrast, YouTube knowingly allows the Bitcoin scam to continue for months. You promote it and profit from selling targeted advertising" says Joe Cotchett of Cotchett, Pitre & McCarthy, the law firm representing Wozniac.
In their defense, YouTube cites the Communications Decency Act which they say affirms the platform is not responsible for user-posted scams because the messages are not produced or approved by the YouTube.
With the legal system backed up from Covid19, it could be late 2021 until we hear more, unless the issue is settled out of court.
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Author: Oliver Redding
Seattle Newsdesk / Breaking Crypto News
http://www.GlobalCryptoPress.com
