Tuesday, August 16, 2022

Apple Co-founder Steve Wozniak loses a bitcoin scam-related lawsuit against YouTube.

The Takeaway:

After filing a Bitcoin scam-related lawsuit against YouTube last year, Apple co-founder Steve Wozniak now has 30 days to revise his complaint.

A recent court ruling said that video-sharing giant YouTube is not responsible for cryptocurrency-related scams posted on its platform. According to the Bloomberg report, Apple co-founder Steve Wozniak failed to support his lawsuit against YouTube over an advert using his image to promote a fake Bitcoin giveaway. Earlier, Wozniak filed a lawsuit against the video-sharing platform YouTube for allowing videos on the platform that use his name to promote bitcoin scams.


YouTube is not responsible for cryptocurrency-related scams posted on its platform.

Santa Clara County Superior Court Judge Sunil Kulkarnia said in a tentative ruling Wednesday that YouTube and its parent firm Google are protected by Section 230 of the Communications Decency Act. This federal law shields internet platforms from responsibility for content posted by users. Wozniak had filed a lawsuit against YouTube in July last year over a typical bogus crypto giveaway that stated that anyone who sends cryptocurrency to a certain address would receive more cryptocurrency in return. Wozniak argued that YouTube not only failed to remove the fraudulent ads but “materially contributed” to the scam by selling targeted ads driving traffic to the videos, and falsely verifying the YouTube channels that carried the videos.


Wozniak has 30 days to revise his complaint.

“If YouTube had acted quickly to stop this to a reasonable extent, we would not be here now. What human would see posts like these and not ban them as criminals immediately?” Apple co-founder said. In the suit, Wozniak reportedly noted that similar crypto scams on YouTube also capitalized on other tech personalities like Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. However, Judge Kulkarnia said that those factors were not enough to challenge the immunity provided by Section 230. The judge gave Wozniak 30 days to try to revise his complaint.

Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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