Cryptocurrency News

Apple co-founder Steve Wozniak loses bitcoin scam case against YouTube

A recent court ruling states that video hosting giant YouTube is not responsible for cryptocurrency-related scams posted on its platform.

Apple co-founder Steve Wozniak failed to support his lawsuit against YouTube over an ad that used his image to promote a fake bitcoin.B T c) giveaway, bloomberg reports.

Santa Clara County Superior Court Judge Sunil Kulkarnia said in a provisional ruling on Wednesday that YouTube and its parent firm Google Communications are protected by Section 230 of the Civilization Act – a federal law that puts Internet platforms responsible for content posted by users. protects from.

wozniak sued YouTube in July last year On a typical fake crypto giveaway that states that whoever sends cryptocurrency to a certain address will receive more cryptocurrency in return. The Apple co-founder argued that YouTube not only failed to remove fraudulent ads, but also “materially contributed to the scam by selling targeted ads that drive traffic to the videos and falsely verifying the YouTube channels that broadcast the videos.” ” gave.

“If YouTube had acted quickly to stop this to a reasonable extent, we wouldn’t be here now. Who human would see posts like this and not immediately ban them as criminals?” That said. Reportedly in the suit, Wozniak noted that similar crypto scams on YouTube also roiled other tech figures such as Microsoft co-founder Bill Gates and Tesla CEO Elon Musk.

However, Judge Kulkarnia said those factors were not sufficient to challenge the exemption provided by Section 230. The judge gave Wozniak 30 days to try to modify his complaint.

Wozniak isn’t the first entrepreneur to lose his battle against fake YouTube ads. Last July, YouTube lawyers filed a dismissal bid in a similar case Brought to you by leading crypto firm Ripple Labs, arguing that the platform was not responsible for any content β€” including scams β€” provided by third parties.

The latest decision of the court comes on the same day Google reversed its 2018 policy Prohibiting crypto exchanges from using their advertising services.