For quite some time now, there have been numerous cryptocurrency scams on YouTube, Neither the platform or its parent company have taken any action against them. Steve Wozniak wants to put an end to this matter once and for all, and will sue YouTube for its negligence.
YouTube Crypto Scams Affect Steve Wozniak
Every single week, there is at least one cryptocurrency scam to be found on the YouTube platform. Virtually all of these scams revolve around live streams, even though there are no live events taking place. The scammers also claim to send back double the money people send them during the live stream itself. Everyone with a functioning brain knows there is no such thing as free money.
Unfortunately, little has been done to put these scams to bed once and for all. Neither YouTube, nor parent company Google have shown any interest in doing so. Instead, they are seemingly more intent on letting these things slide, as it only pertains to cryptocurrency. The fact that people effectively lose money because of this video platform is of no real concern.
Follow CryptoMode on Twitter, Youtube and TikTok for news updates! That may no longer be the case. Apple co-founder Steve Wozniak is one of the people affected by these live stream scams. In several videos, scammers have used images and videos of him to defraud people. As YouTube has shown no intention of addressing this matter, the streaming platform now faces a major lawsuit.
According to Wozniak, YouTube fails to deal with the problem in an adequate manner. This prompted a response from Google, who claim they take this abuse seriously and are looking into the matter. It is unfortunate that a lawsuit has to be filed prior to major tech firms addressing their own flaws. More importantly, the scams are still taking place this very day, as the problem hasn’t been fully addressed.
More Lawsuits may be Coming
YouTube is facing a lot of backlash over its laissez-faire approach pertaining to crypto scams. This lawsuit may finally have the desired effect. It doesn’t just involve Steve Wozniak, but 17 other individuals from across the globe as well. Every single one of them has been caught up in these scams in one way or another.
Rather than solely relying on algorithms YouTube should put more human eyeballs on its own platform. There are a lot of things going on that should not be allowed to thrive.
When it comes to cryptocurrencies, Google has always taken an awkward stance. Most of those efforts have been anti-crypto, and this recent YouTube debacle falls into the same category.
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