Bitcoin

Apple co-founder Steve Wozniak is suing YouTube for crypto fraud

Lawyers of Steve Wozniak and 17 other people adversely affected by fake Bitcoin sweepstakes on YouTube sued the platform and parent company Google for failing to act quickly to ban such content.

According to an announcement by law firm Cotchett, Pitre McCarthy on July 22 Google and its YouTube subsidiary were unable to protect users from fake Bitcoin fraud channels (BTC) with pictures and videos from Wozniak and other celebrities. The hijacked channels carry out “gift” fraud, indicating that anyone who sends cryptocurrencies to a specific address will receive much more cryptocurrency in return, even though they are not actually receiving anything.

Screenshot of a fake Bitcoin giveaway video from Cotchett, Pitre  McCarthy

Apple co-founder Steve Wozniak is suing YouTube for crypto fraud
Apple co-founder Steve Wozniak is suing YouTube for crypto fraud

Screenshot of the fake Bitcoin gift video from Cotchett, Pitre and McCarthy

“If YouTube had acted quickly to adequately stop this, we wouldn’t be here now.”Said Wozniak.

“YouTube, like Google, appears to rely on algorithms, and in these cases of criminal activity, no special effort has been made that requires personalized software. When a crime is committed, you need to be able to reach people who can stop it. Who would see such posts and not immediately ban them as criminals?

According to Joe Cotchett, one of Cotchett’s partners, Pitre McCarthy, YouTube “knowingly continued to promote and promote Bitcoin fraud for months and benefited from it by selling targeted advertising.”

The lawsuit includes Wozniak and 17 other people from the United States, Canada, the United Kingdom, Japan, Malaysia, China and Europe who were victims of the BTC fraud.

Waves against Apple

Wozniak’s lawsuit comes a day after YouTube’s layoff offer in a similar case filed by Ripple Labs. The cryptocurrency company sued the platform for alleged failure to stop XRP fraudsters and impersonators.

In a statement dated July 21 The YouTube legal team argued that the video sharing platform is not responsible for content, including fraud, provided by third parties.

Unlike the Ripple case, which was brought before the federal court, Wozniak’s legal team is heard by a judge at the California Supreme Court in San Mateo County, a state court.

Wozniak and his legal team will hold a personal and virtual press conference on July 23 at 11:00 a.m. PST in Burlingame, California.

Similar Posts