Lawyers for Steve Wozniak and 17 other people adversely affected by fake Bitcoin giveaway scams on YouTube have sued the platform and parent company Google (NASDAQ:GOOGL) for not acting quickly to ban such content.
According to a July 22 announcement from the law firm of Cotchett, Pitre & McCarthy, Google and its subsidiary YouTube failed to protect users from fake Bitcoin (BTC) giveaway scam channels featuring images and videos of Wozniak and other celebrities. The hijacked channels run ‘giveaway’ scams stating that anyone who sends cryptocurrency to a certain address will receive much more cryptocurrency in return, when in fact they receive nothing.