SAN FRANCISCO - Blockchain firm Ripple sued Alphabet Inc’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money.
The scammers promise to send back up to 5 million XRP, worth nearly $1 million, but victims who participate in the fake “giveaways” never receive any money in return, said the filing. “For every scam, giveaway, fake conspiracy that is taken down, multiple more pop up nearly immediately,” Ripple said in a blog post. “YouTube and other big technology and social media platforms must be held accountable for not implementing sufficient processes for fighting these scams.”
YouTube spokesman Alex Joseph said the company takes abuse of the platform seriously and acts “quickly when we detect violations of our policies, such as scams or impersonation.”
c-ripple sounds like a shadow company created after the crips (gang)stopped being a thing.
as if ripple itself wasn't a scam, geesh
I’m still holding... I know what I have.... E.N.D. of story!