In a March 9 Twitter thread, Garlinghouse said that while the terms of the agreement were confidential, “we’ve now come to a resolution to work together to prevent, detect and take down these scams.” The lawsuit was filed on April 21 last year, after Garlinghouse complained that fraudsters on the streaming video platform had stolen hundreds of thousands of dollars from XRP supporters using his name and likeness.
Ripple: YouTube ‘setting aside common sense’ as it tries to throw out lawsuit
The video-sharing site is accused of being ‘willfully blind’ when it comes to giveaway scam videos, as the payments firm rejects YouTube’s attempts to get the suit dismissed
The international payments firm took legal action against Google-owned YouTube in April. At the time, Ripple’s CEO Brad Garlinghouse said his team had spent six months unsuccessfully trying to get the social media giant to shut down videos using Ripple logos and Garlinghouse’s likeness that aimed to steal hundreds of thousands of dollars in XRP from unsuspecting users.
Brash airline CEO dubs Bitcoin a ‘Ponzi scheme’ after his image is used in crypto scam ads
Telling people to avoid crypto ‘like the plague,’ outspoken Irishman Michael O’Leary said: ‘I have never, and would never, invest one cent in Bitcoin’
A photograph of the sweary CEO has been doing the rounds in advertisements featured on an array of popular websites. The bogus campaign claims he told viewers on a popular late-night television show that he was making “tens of thousands of euro a day” thanks to an investment scheme called Bitcoin Lifestyle.
Wozniak lawsuit tells YouTube: Be more like Twitter on bitcoin giveaway scams
Citing Twitter’s fast response to a huge and humiliating hack the Apple co-founder accused YouTube of deliberately allowing the fraudulent ads to remain online for profit
Noting Twitter’s rapid response to the high-profile June 15 hack of 130 accounts of celebrities, tech leaders, and politicians, Wozniak announced on July 23 he was suing YouTube over its failure to police these fraudulent ads.