Blockchain firm Ripple sues YouTube over cryptocurrency scams


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  • Wednesday, 22 Apr 2020

Representation of the Ripple virtual currency. The company says scammers on YouTube have been impersonating Ripple and its CEO to bait viewers into sending thousands of dollars worth of XRP, a cryptocurrency championed by Ripple, according to a court filing. — Reuters

SAN FRANCISCO: Blockchain firm Ripple sued Alphabet Inc's YouTube on April 21, 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 company says scammers on YouTube have been impersonating Ripple and its CEO, Brad Garlinghouse, to bait viewers into sending thousands of dollars worth of XRP, a cryptocurrency championed by Ripple, according to a court filing.

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