YouTube’s legal team maintains that the platform is not responsible for crypto-currency scams conducted as part of its video content or descriptions.
Ripple’s lawyers and CEO Brad Garlinghouse filed a lawsuit against YouTube in April in response to the platform’s failure to stop XRP’s scammers and impostors. Ripple argued that the platform benefits from the actions of the scammers by profiting from paid advertisements.
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But according to a July 21 update of Law 360, the video platform’s lawyers argued that Article 230 of the Communications Decency Law, which generally protects the platform’s publishers from liability for information provided by third parties, applied to the case.
The YouTube legal team argued that their „involuntary verification“ of the scam channels does not change the fact that the content was created by third parties and not by the video platform itself. The site’s lawyers say that since Ripple does not claim that YouTube „solicited, encouraged or participated in the third-party scam,“ the platform bears no responsibility.
Impersonating a CEO in a crypto-cash scam
The Ripple lawsuit cites 305 channel cases that have specifically posed as Ripple’s CEO, Brad Garlinghouse. Some scammers took over unrelated but verified channels, and modified the design and content to make it look like a legitimate gift from a verified account.
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According to the YouTube legal team, „the law of advertising protects the names, images or voices of individuals from being used for commercial purposes without permission, but Ripple’s lawsuit alleges that a third-party hacker used the Garlinghouse identity in his videos, not on YouTube.
Ripple has not been the only
Swindlers have posed as various figures in technology and finance in their attempts to trick unsuspecting subscribers with their cryptoactives.
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Cointelegraph reported in June that false Bitcoin Loophole deliveries of channels claiming to belong to SpaceX or Elon Musk scammed users out of $150,000. More recently, scammers tried to run „double your money“ scams targeting users of VeChain, VET tokens.