Ripple, the American blockchain company specializing in payment technologies, has announced a lawsuit against the giant YouTube. "Today, we are taking legal action against YouTube to bring about industry-wide behavior change and set up an expectation of liability," the company said on its website, adding that "YouTube and other major technology and social media platforms must be held accountable for not having sufficient processes in place to combat [scams]".

The complainants ask YouTube:

• Be more aggressive and proactive in identifying scams, before they go online.
• Remove scams once they are identified.
• Not to take advantage of these scams.

In a lawsuit filed in the US District Court for the Northern District of California, Ripple says that "the deliberate and inexplicable failure of YouTube to deal with widespread and harmful fraud occurring on its platform" resulted in "millions of XRPs valued at hundreds of thousands of dollars "have been taken from victims of fraudulent XRP gifts. It also indicates, however, that the exact number of persons defrauded cannot be known, but that "the extent of the harm is vast".