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Steve Wozniak sues Youtube and Twitter on failure to regulate Bitcoin scams

Steve Wozniak is concerned that major social networks such as YouTube and Twitter, are fast becoming platforms for bitcoin scammers, and he is suing these platforms for failing to regulate them.

The Co-founder of Apple, Steve Wozniak is suing YouTube. According to the Verge, scammers have been posting videos on YouTube that Wozniak is hosting a bitcoin promotion. They convinced some users that if they send bitcoin to a provided address, “Wozniak” will return, with their investments doubled.

“Youtube has featured a steady stream of scam videos and promotions that falsely use images and videos of Plaintiff Steve Wozniak, and other famous tech entrepreneurs, and that have defrauded YouTube users out of millions of dollars,” the complaint says.

These Scammers or hackers use the big figure, like Elon Musk, Bill Gates, Robert Kiyosaki, and about 15 other individuals as their targets to make nearly $120,000 with YouTube scam.

YouTube spokesperson said “We take abuse of our platform seriously, and take action quickly when we detect violations of our policies, such as scams or impersonation,” in a statement to the Verge.

Similar things have happened on Twitter, leading to major scandals.

Twitter CEO, Jack Dorsey wrote on his Twitter, “We all feel terrible this happened,” and “We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.”


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