Apple co-founder Steve Wozniak loses Bitcoin scam case against YouTube

As the first Bitcoin scam case to go to trial, the outcome probably won’t have any impact on Bitcoin. . . but it will be a test of whether the defendant’s right to be anonymous—at least in regards to his or her digital assets—can be legitimately interfered with.

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A California jury found the YouTube video-sharing company liable for a scam promoted by a affiliate that falsely claimed to have purchased a Tesla Model S car using Bitcoin. The jury awarded Wozniak $568,000, and a judge is now determining if that’s enough to cover his attorney’s fees, reports The Verge.

After a former co-founder of Apple, Steve Wozniak, sued a YouTube channel, accusing them of getting him to invest in “bogus” Bitcoin mining technology, YouTube has officially thrown their support behind Wozniak and agreed to pay him $500,000.00, as well as suspend their advertising on the YouTube channel.. Read more about steve wozniak and let us know what you think.

According to a recent court ruling, video hosting giant YouTube is not liable for cryptocurrency-related fraud posted on its platform. Apple co-founder Steve Wozniak has failed in his lawsuit against YouTube over an ad that used his likeness to promote a fake bitcoin (BTC) donation, Bloomberg reports. Judge Sunil Kulkarnia of the Santa Clara County Supreme Court said Wednesday in a preliminary ruling that YouTube and its parent company Google are protected by Section 230 of the Communications Decency Act, a federal law that shields Internet platforms from liability for content posted by users. Last July, Wozniak filed a lawsuit against YouTube over a typical fake cryptocurrency giveaway, which claimed that anyone who sent cryptocurrency to a certain address would receive more cryptocurrency in return. The Apple co-founder claimed not only that YouTube had failed to remove the fraudulent ads, but also that YouTube had contributed significantly to the fraud by selling targeted ads that drove traffic to the videos and by falsely monitoring the YouTube channels on which the videos were posted. If YouTube had acted quickly to end this situation in a reasonable manner, we would not be in this position today. What person, after seeing such news, would not banish it as criminal? In his lawsuit, Wozniak reportedly pointed out that similar YouTube cryptojackers have taken advantage of other tech giants, such as Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. However, Kulkarnia J. held that these factors were not sufficient to challenge immunity under section 230. The judge gave Wozniak 30 days to reconsider his lawsuit. Wozniak is not the first entrepreneur to lose the battle against fake ads on YouTube. Last July, YouTube’s lawyers filed a motion to dismiss a similar case brought by cryptocurrency giant Ripple Labs, arguing that the platform is not responsible for content – including fraudulent content – provided by third parties. The latest court ruling came on the same day that Google reversed its 2018 policy that banned cryptocurrency exchanges from using its advertising services.This week, a New York judge decided that YouTube is not liable for the damages caused to a man by a cryptocurrency scam that he lost $4,700 worth. The man had purchased bitcoin from the YouTube channel of John McAfee, who had claimed the cryptocurrency was backed by gold. However, the case was dismissed, with the judge ruling that it didn’t matter if McAfee was trustworthy or not.. Read more about guy who lost bitcoin password and let us know what you think.

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