Type to search

blockchain industry cryptocurrency News Ripple world economy world news

YouTube: We are not Responsible for Crypto Scams

Share
YouTube

YouTube video hosting claims that it is not immune to cryptocurrency fraud, which is built in the form of video content or descriptions.

YouTube

In April, Ripple’s lawyers and CEO Brad Garlinghouse filed a lawsuit against the video hosting for failing to stop XRP scammers. That being said, Garlinghouse and his team argue that the platform benefits from fraudulent activities by generating revenue from advertising.

In Response:

According to the July 21 announcement, lawyers of the company are citing articles of the law that protect platforms from liability for information provided by third parties.

YouTube says that the inadvertent detection of fraudulent channels does not change the fact that the content is created by third parties and not by the video hosting service itself. The site’s lawyers also point to the fact that even Ripple itself does not claim in its lawsuit that it is YouTube that “solicits, encourages or participates in fraud,” and therefore the platform cannot be held liable.

Ripple’s lawsuit cites 305 cases in which channels specifically impersonated Brad Garlinghouse. Some scammers have taken over popular non-crypto currency channels and changed their content.

Public use rights also include protecting names, marks, images, and voices from illegal commercial use, according to lawyers. While the Ripple lawsuit speaks of the use of the name of Brad Garlinghouse, and not things related to YouTube by the attackers.

Other Victims of Crypto Scammers on Youtube

Brad Garlinghouse’s Ripple company isn’t the only victim of cryptocurrency scams on YouTube. In June, scammers imitated the channel of the entrepreneur Elon Musk, who “asked” to send bitcoins to the addresses he indicated.

Read about crypto scammers on Youtube here…

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Leave a Comment

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 10,436.39 3.79%
ethereum
Ethereum (ETH) $ 340.08 8.45%
tether
Tether (USDT) $ 1.00 0.33%
ripple
XRP (XRP) $ 0.232899 5.30%
bitcoin-cash
Bitcoin Cash (BCH) $ 211.95 5.43%
polkadot
Polkadot (DOT) $ 4.10 10.74%
binancecoin
Binance Coin (BNB) $ 23.25 11.49%
chainlink
Chainlink (LINK) $ 8.74 12.94%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.151689 7.03%
litecoin
Litecoin (LTC) $ 43.19 7.62%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 144.59 4.85%
cardano
Cardano (ADA) $ 0.079701 10.86%
eos
EOS (EOS) $ 2.52 4.80%
usd-coin
USD Coin (USDC) $ 1.00 0.30%
tron
TRON (TRX) $ 0.024983 6.92%
okb
OKB (OKB) $ 5.83 4.58%
monero
Monero (XMR) $ 88.19 4.04%
stellar
Stellar (XLM) $ 0.070693 7.29%
tezos
Tezos (XTZ) $ 1.98 12.92%
neo
NEO (NEO) $ 20.33 15.44%
leo-token
LEO Token (LEO) $ 1.22 1.17%
huobi-token
Huobi Token (HT) $ 4.52 5.35%
cosmos
Cosmos (ATOM) $ 4.11 14.02%
cdai
cDAI (CDAI) $ 0.020996 0.43%
nem
NEM (XEM) $ 0.106903 2.48%
dai
Dai (DAI) $ 1.01 0.21%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 10,438.51 3.65%
vechain
VeChain (VET) $ 0.012625 11.71%
yearn-finance
yearn.finance (YFI) $ 22,372.00 21.69%
iota
IOTA (MIOTA) $ 0.244044 7.19%
dash
Dash (DASH) $ 66.14 6.07%
uma
UMA (UMA) $ 10.76 25.90%
ethlend
Aave (LEND) $ 0.461262 21.89%
ethereum-classic
Ethereum Classic (ETC) $ 4.76 6.46%
theta-token
Theta Network (THETA) $ 0.544564 3.35%
zcash
Zcash (ZEC) $ 53.66 4.30%
uniswap
Uniswap (UNI) $ 4.31 14.30%
havven
Synthetix Network Token (SNX) $ 3.66 13.53%
compound-governance-token
Compound (COMP) $ 127.76 12.30%
binance-usd
Binance USD (BUSD) $ 1.00 0.12%
ontology
Ontology (ONT) $ 0.643087 12.34%
maker
Maker (MKR) $ 448.98 6.28%
true-usd
TrueUSD (TUSD) $ 1.00 0.13%
digibyte
DigiByte (DGB) $ 0.028288 10.14%
omisego
OMG Network (OMG) $ 2.60 11.22%
dogecoin
Dogecoin (DOGE) $ 0.002629 4.60%
ftx-token
FTX Token (FTT) $ 3.56 4.48%
paxos-standard
Paxos Standard (PAX) $ 1.00 0.21%
basic-attention-token
Basic Attention Token (BAT) $ 0.212599 9.16%
compound-ether
cETH (CETH) $ 6.82 7.69%