Apple co-founder loses lawsuit against YouTube over crypto fraud

Steve Wozniak He lost his lawsuit against YouTube over fraudsters using his image to pay for crypto giveaway scams on the streaming platform.

The case deals with the responsibility of social media companies to monitor the content posted by users. But in a ruling issued yesterday, a California judge said YouTube and its parent company, Google LLC, are protected under federal law from this liability.

Earlier this year, Ripple CEO Brad Garlinghouse chose to settle with YouTube over a Similar episode.

Wozniak sees YouTube directly benefiting from crypto fraud

Cryptocurrency giving scams refer to scammers pretending to be celebrities who are appealing crypto donations. In return, the sender believes that he will get multiples back on his original donation.

It takes common sense to spot the tricks. However, as Charles Hoskinson, CEO of Input Output Global recently pointed out, common sense does not exist in the world.

Hoskinson has also suffered from fraudsters using his image. Victims who have lost their money often reach out to ask for help, and at that time no one can do much.

on it, Hoskinson He expressed his frustrations, saying he wouldn’t give up ADA for free. He appealed to people’s common sense, saying nothing is free.

“I keep getting emails about giveaway scams – usually from victims. Again I won’t leave ADA for free. If you send ADA, you will lose it!!! I keep saying it, people’s logic, greed and birth put it. about doing it. “

Under Section 230 of the Communications Ethics Act, Online brokers who host or repost speech are protected against laws that could otherwise be used to hold them legally responsible for what others say and do on their platform.

However, Wozniak argued that this does not apply in his case where YouTube failed to remove the fraudulent videos, and “materially contributed” to the fraud by selling ads that drive traffic to the videos, checking YouTube channels that wrongly hosted gifts, and thus Added to the credibility.

Judge Sunil R. Kulcarnia Wozniak’s arguments do not go beyond the immunity afforded by Section 230. He now has 30 days to amend his complaint.

Garlinghouse settles for undisclosed terms

In March 2021, Ripple Settlement Its lawsuit with YouTube over allegations that the social media giant failed to prevent fraudsters from impersonating CEO Brad Garlinghouse.

Ripple argued that this caused irreparable damage to its image, brand and reputation. All as a direct result of YouTube’s failure to remove channels and videos that are running giveaway scams.

in a series of TweetsGarlinghouse said YouTube did not follow its own policies by allowing fake and hacked accounts to perpetuate the scams.

Although all sides have now settled, Garlinghouse said work at this level is still playing “whack-a-mole”. Meaning that channel removals don’t solve the problem.

While the specific settlement terms are confidential here, it is clear to everyone that without accountability and action, trust in this industry is eroded at a critical time as governments around the world are looking closely at cryptocurrencies.”

The pseudo-anonymity of cryptocurrency and relatively lenient penalties for cryptocurrency fraud only encourage fraudsters. Garlinghouse is right to call for appropriate top-down measures against the problem.

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