Ripple accuses YouTube of inaction against scammers

Ripple accuses YouTube of deliberate inaction and challenges the assertion that the video hosting service knew nothing about the scammers on the platform. This is reported by CoinDesk.

The lawsuit between the two companies began in April over fraudulent videos. In July, YouTube filed a motion to dismiss the suit. In its filing, the platform said that it was not involved in any illegal schemes and could not be held liable for content posted by third-party users.

In its filing, Ripple stressed that it had sent YouTube 350 complaints, meaning the service could not have been unaware of what was happening. The company said scammers uploaded several videos daily, some of which drew tens of thousands of views.

Ripple contends that YouTube earned advertising revenue from the perpetrators’ videos and played a direct role in the wrongdoing, having verified one of these channels.

Earlier, a fake account of Ripple chief Brad Garlinghouse was discovered on YouTube in March. The scammers offered users to send between 2,000 and 500,000 XRP and allegedly receive between 20,000 and 5,000,000 tokens in return.

In April, Ripple accused the video-hosting platform of damaging its reputation and brand. Company representatives said users had lost millions of XRP worth hundreds of thousands of dollars.

Earlier, 18 plaintiffs urged YouTube to remove fraudulent videos about Bitcoin giveaways allegedly made in the names of Bill Gates, Elon Musk, and Michael Dell. Apple co-founder Steve Wozniak joined the suit, calling for the platform to remove videos that used his name.

Follow ForkLog news on Facebook!