Ripple News Today – Ripple Disputes YouTube’s Claim of Not Knowing Anything about the XRP Giveaway Scam – September 11th, 2020 

  • Ripple holds YouTube responsible for a series for XRP scam videos on its platform
  • YouTube claims it knew nothing about the scam videos on its platform
  • YouTube ignored all warnings about XRP scam on its platform, Ripple says

Ripple News Today – Ripple has disputed the claims of YouTube that it knew nothing about the XRP giveaway scams. The San Francisco-based firm accused YouTube of “willful blindness” after being warned hundreds of times. Back in April, Ripple took action against YouTube, holding the platform responsible for the series of videos that used its logo and the likes of CEO Brad Garlinghouse to promote scams.

The fraudsters asked victims to send XRP (XRP) to be eligible for a larger amount, which never arrived. In July, the video streaming platform filed a motion to dismiss the claim, saying that it did not engage in any scam knowingly. The platform said that, as an online platform, it cannot be held responsible for third-party content.

XRP (XRP) Price Today – XRP / USD

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Ripple Said YouTube Ignored Its Warnings

In response to the motion filed by YouTube on Tuesday, Ripple contested this claim. The blockchain company said it sent 350 takedown notices to YouTube. Ripple added that for YouTube to ignore all those warnings, it means it the platform knew about the scams but decided not to act on it, or only acted on it weeks or months later.

Ripple is accusing YouTube of “willful blindness” and the firm said that it ignored or disregarded explicit warnings about the scam activities happening on its platform. At its worst, scammers upload several giveaway scams on YouTube every day. Some of the videos even receive tens of thousands of views in just a few hours.

Ripple News Today – Ripple Is Concerned because Its Reputation Is At Stake

Ripple said that users were scammed of millions of XRP tokens worth hundreds of millions of dollars. The company has also suffered severe reputational damage due to the failure of YouTube to act accordingly. According to the filed motion, YouTube also profited from earning revenue from add on the scam videos and “materially contributed” to the event by giving one of the giveaway channels a verified tick.

Ripple is not the only firm accusing YouTube of not doing enough to put an end to fraudulent activities on its platform. The founder of Apple – Steve Wozniak – is also seeking disciplinary damages from the video streaming platform for Bitcoin scam videos that also used his likeness. There is also a long list of companies and individuals that are also seeking punitive damages from the platform. YouTube only claimed not knowing about the warnings of Ripple, but the platform has not yet said how it would handle the situation and prevent future occurrences.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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