- Ripple Sues YouTube for Allowing Scammers Impersonate its CEO, Brad Garlinghouse.
- Several Innocent People Have Fallen Victim to the Scam and Ripple Keeps Getting Blamed
Ripple News Today – Ripple has always been a controversial firm in the cryptocurrency community. However, they have never been involved in outrightly scamming people. This is why they have decided to sue YouTube for not taking action to protect its brand’s reputation by preventing scammers from impersonating Brad Garlinghouse. As if letting these impersonators post content wasn’t enough, YouTube verified some fake accounts and allowed them to sell ads as well as host fake cryptocurrency giveaways. YouTube is also being accused of ignoring several complaints that were made to them.
Ripple News Today – YouTube May Need To Pay for Letting Scammers Impersonate Brad Garlinghouse
According to Ripple’s claim, these scammers hacked into the accounts of successful YouTubers. These accounts already had thousands of active subscribers. So, it was easy for them to manipulate these users and reap them off. One of the most common scams from these hackers is requesting smaller payments for a chance to win large rewards. Unsuspected viewers who thought they were watching Ripple’s channel were defrauded and blamed Ripple for it damaging the already fragile reputation of the blockchain firm.
XRP (XRP) Price Today – XRP / USD
Since November last year, one of the fake Ripple accounts with a verification badge has been scamming people through YouTube. Since Ripple became aware of the situation, they have sent over 320 complaints to YouTube. The company claimed that YouTube didn’t address the issues. Despite the fact that Ripple complained about the account, YouTube continued to accept paid ads on the channel. The account defrauded people of over $15,000 in XRP.
Part of the lawsuit accuses Ripple of contributing to trademark infringement because it continued to collect money for fake ads despite all the complaints it received. On a normal day, Section 230 of the Communications Decency Act protects all websites from liability over the content published by third parties. However, there are some exceptions to this rule. Also, when you consider the fact that YouTube is being accused of deliberately collecting money from scammers who are impersonating Brad Garlinghouse, Ripple might have a strong case.
According to Ripple, this lawsuit will promote industry-wide accountability expectations. So, even if they don’t get the settlement they are demanding, the publicity they will get from the case should be enough. This isn’t the first time a social network is being accused of not taking accountability for the content users publish.
A spokesperson from YouTube, during an interview with The Verge, said that they don’t play with issues related to abuse on their platform. He said that they always take quick actions whenever they detect policy violations like the ones they are being accused of by Ripple.