• ripple YouTube settle giveaway scam lawsuit
    Ripple,  XRP

    Ripple CEO settles YouTube giveaway scam lawsuit

    Brad Garlinghouse sued the streaming video platform last year after it refused to act or dragged its feet in taking down channels that used his company, name, and likeness to steal XRP

    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 rejects YouTube arguments
    Ripple

    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.

  • Wozniak sues YouTube
    Bitcoin

    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.

  • Bitcoin blamed for Twitter hack
    Bitcoin,  Cryptocurrencies,  Politics

    Bitcoin blamed for devastating Twitter hack?

    As the dust settles from one of the worst cybersecurity breaches in recent memory, many are focused on crypto giveaway scams, not social media’s security failings

    The FBI has launched an investigation into Wednesday’s widespread Twitter hack, which saw attackers hijack 130 high-profile accounts to promote crypto giveaway scams.