Bitcoin

YouTube claims that it is not responsible for cryptocurrency fraud that is done on the platform

The YouTube legal team believes that the platform is not responsible for cryptocurrency fraud created as part of the content or video descriptions.

The lawyers of Ripple and the CEO Brad Garlinghouse You filed a lawsuit against YouTube in April in response to the platform’s failure to stop XRP scammers and scammers. Ripple argued that the platform benefits from the fraudsters’ actions by benefiting from paid ads.

According to an update to Law 360 of July 21 The lawyers of the video platform argued that Article 230 of the Decency in Communication Actwhat general protects the publishers of the platform from responsibility for the information provided by third parties, applied to the case.

YouTube claims that it is not responsible for cryptocurrency fraud that is done on the platform
YouTube claims that it is not responsible for cryptocurrency fraud that is done on the platform

The YouTube legal team argued that their “unintentional review” of fraudulent channels It does not change the fact that the content was created by third parties and not by the video platform itself. Website lawyers claim that Ripple does not claim that YouTube “requested, encouraged, or participated in third-party fraud.” The platform has no responsibility.

Posing as CEO in a cryptocurrency fraud

Ripple lawsuit quotes 305 channel cases that posed specifically as Ripple’s CEOBrad Garlinghouse. Some fraudsters seized unrelated but verified channels and You’ve changed the design and content to make it look like it’s a legitimate gift from a verified account.

According to the YouTube legal team, “the right to advertise protects people’s names, images, or voices from being used for commercial purposes without permission, however The Ripple lawsuit alleges that a third-party hacker used Garlinghouse’s identity in its videos, not YouTube“”

Ripple was not the only one

Fraudsters have disguised themselves as different tech and financial giants in their attempts to trick unsuspecting subscribers with their crypto assets.

Cointelegraph reported in June that fake Bitcoin (BTC) shipments of channels that claim to belong to SpaceX or Elon Musk cheated users with $ 150,000. More recently, scammers have attempted to “Double Your Money” fraud against VeChain token users (VET).

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