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YouTube Found Guilty in the Bitcoin Scam Lawsuit

Key Takeaways
  • Apple co-founder Steve Wozniak has emerged victorious in the 2020 Bitcoin Scam lawsuit against YouTube.
  • In 2020, Steve Wozniak filed a legal battle against YouTube and its parent company, Google, over the use of fake videos resembling him in a Bitcoin Scam.
  • In this Bitcoin Scam, a fake video was created promising people free Bitcoin, and later, viewers were asked to send BTC to a specific address.
YouTube Found Guilty

Bitcoin Scam Lawsuit Victory for Apple Co-founder Steve Wozniak

Apple co-founder Steve Wozniak has won the ongoing Bitcoin Scam lawsuit against YouTube since 2020. The High Court has dismissed the decision of the lower court in the BTC Scam lawsuit, which had absolved YouTube of any responsibility in the matter. It should be noted that fake videos were created using footage of Apple co-founder Steve Wozniak in the Bitcoin Scam. These videos claimed to offer free Bitcoin to the general public. Later, viewers were instructed to send BTC to a particular address.

Taking advantage of the popularity of Apple's co-founder, the scam was perpetrated alongside ordinary people. The decision by the higher court allows Apple's co-founder Wozniak to continue the lawsuit against the video streaming platform YouTube. Additionally, it is a significant step towards amending federal laws to protect platforms like YouTube from liability associated with any videos posted on their platform.

Apple's founder was not alone in the case involving 17 other individuals against YouTube

In the year 2020, not only did Apple's co-founder Steve Wozniak file a lawsuit against the video streaming platform YouTube, but there were also 17 other individuals who filed a case against YouTube and its parent company, Google, in connection with the Bitcoin Scam. These 17 individuals included Microsoft's co-founder Bill Gates, the world's richest man Elon Musk, and Dell's CEO Michael Dell. All of them were accused of benefiting from the popularity of these famous individuals to deceive people by not taking action against the fake video on the video streaming platform.

Coin Gabbar believes it is significant that a big platform like YouTube was unaware of such a major video scam on its platform. With the development of AI and the increasing cases of DeepFake videos in the current scenario, scammers can take advantage of YouTube's lack of awareness.

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