Apple Co-Founder Wozniak Sues YouTube over Bitcoin Giveaway Scams

Apple Co-Founder Wozniak Sues YouTube over Bitcoin Giveaway Scams

According to the lawsuit, the scammers use Wozniak's images as well as videos to convince users that the tech entrepreneur would be hosting a live Bitcoin Giveaway event, adding that the users have a limited-time opportunity to send bitcoin to a given address in order to receive twice the amount in return.

The complaint alleges the "vast" scam is continuing on YouTube, with tens of millions of dollars in cryptocurrency stolen.

Wozniak sued along with 17 other alleged victims of the scam.

The lawsuit alleges that videos scammed users into sending bitcoin to fake accounts and used images of tech magnates such as Elon Musk, Bill Gates, and Wozniak to gain credibility. Influential leaders as Bill Gates and Elon Musk saw their Twitter accounts compromised by scammers.

"That same day, Twitter acted swiftly and decisively to shut down these accounts and to protect its users from the scam", the lawsuit mentioned, including YouTube allowed the offending movies to stay on-line for months. "YOUTUBE and GOOGLE took the further step of promoting and profiting from these scams by providing paid advertising that targeted users who were most likely to be harmed".

The lawsuit demands a trial by jury and damages that include legal expenses, and any "gains, profits, or advantages wrongfully obtained by Defendants".

Wozniak, though, said he has been trying to get Google and YouTube to prevent videos peddling the scam with his name and picture in it since May 10.

The complaint is coming amid growing criticism for YouTube and its method of handling crypto giveaway scams.

Brilliant Broad puts England in charge as West Indies toil in decider
Watch day three of the crucial third #raisethebat Test between England and West Indies from 10.30am on Sky Sports Cricket. At stumps on Saturday both Anderson and Broad, with over 1,000 Test wickets between them, had each taken 2-17.

Yesterday Cotchett, Pitre & McCarthy, a law firm based out of the San Francisco Bay Area, announced that it had filed a suit against YouTube and its parent company, Google.

Mr Wozniak accused YouTube of failing to deal with the problem.

The lawsuit filed by Wozniak is coming barely 24 hours after YouTube dismissed a similar case against it. Ripple also blamed YouTube for failure to stop XRP impersonators and scammers.

According to a report by Bloomberg News, Apple co-founder Steve Wozniak is suing YouTube for failing to remove cryptocurrency scams that used his name to draw in victims.

Even though Google's search engine serves because the firm's most profitable promoting channel, YouTube has been taking half in an increasingly extra vital aim all around the previous few years as of us eye extra video online as an different of broken-down TV.

"We take abuse of our platform seriously, and take action quickly when we detect violations of our policies, such as scams or impersonation", said a YouTube spokesperson.

There are also scams on Facebook of fake KFC pages that say they are giving free "KFC stay home food vouchers" if you fill up a questionnaire.

Related Articles