Steve Wozniak Files A Lawsuit Against YouTube Over Fake Bitcoin Giveaways

Apple co-founder Steve Wozniak along with seventeen alleged victims sues Youtube and its parent company Google for not censoring fraudulent Bitcoin giveaways today, according to an announcement from the law firm Cotchett, Pitre & McCarthy.

Scammers utilize images and videos of notable public figures including Bill Gates, Elon Musk, and Steve Wozniak to persuade audiences that they were hosting Bitcoin giveaway events. Purportedly, Youtube and Google have profited from these scams by deploying algorithms to target users. 

Bitcoin scams have made a lot of headlines in recent weeks. Concurrent with hackers taking control over influencers’ Twitter accounts on July 15, Bitcoin giveaway scams have been existing on YouTube for many months. 

“When Twitter was hit with a massive hack of 130 celebrity accounts, they were quick to shut down the Bitcoin scam in a day. In a stark contrast, the Complaint alleges that YouTube knowingly allowed the Bitcoin scam to go on for months promoted it and profited from it by selling targeted advertising”, Joe Cotchett, one of the lawyers representing Wozniak and other victims, stated.

By Lily Yang

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