Apple co-founder Steve Wozniak's YouTube Bitcoin fraud case dismissed

Apple co-founder Steve Wozniak has lost a lawsuit against video streaming platform YouTube over scam videos that used its images to defraud users, Bloomberg reported on Thursday. Santa Clara County Superior Court Judge Sunil R. Kulkarni said in a ruling on June 2 that both YouTube and its parent company, Google LLC, are protected by US federal laws that stipulate that online platforms cannot be held responsible for content provided by users. . Wozniak sued YouTube in July 2020 for allowing scammers to use his name and images in fraudulent Bitcoin sweepstakes. According to the lawsuit, the scammers claimed to hold crypto promotions and tried to persuade users to send a certain amount of Bitcoin and promised to give back twice the amount. Criminals also used the names and images of other celebrities, including Amazon CEO Jeff Bezos, Microsoft founder Bill Gates, Tesla CEO Elon Musk, Coinbase CEO Brian Armstrong, and "Rich Dad Poor Dad" author Robert Kiyosaki. More claims Wozniak argued in his lawsuit that many users suffered significant financial losses as a result. While YouTube is aware of the fraudulent nature of the videos in question, Wozniak's lawsuit has "significantly contributed to completing this crime" by simply promoting the videos and selling targeted ads that drive traffic to them, as well as "falsely verifying YouTube channels that contain" falsehood for promoting the videos. and providing misleading information.” However, these factors were not enough to persuade the court to waive immunity. The judge ruled that Section 230 of the Communications Ethics Act continued to apply to both YouTube and Google. However, the court's decision was preliminary, namely Wozniak YouTube has 30 days to file a revised complaint. YouTube scams have been plaguing the crypto space for some time. Hackers have been known to hijack popular accounts, delete all videos from these channels, and replace them with fake Bitcoin prom

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