CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » Ripple Files A Lawsuit Against YouTube For Failing To Prevent XRP Giveaway Scam Videos

Ripple Files A Lawsuit Against YouTube For Failing To Prevent XRP Giveaway Scam Videos

Author: Jordan Lyanchev

Last Updated Jun 24, 2020 @ 14:27
Getting your audio player ready...

Ripple, the payment protocol and the company behind the third-largest cryptocurrency XRP, is taking legal action against the video giant YouTube.

The firm wants to hold the platform accountable for not fighting the increased number of giveaway scams and false impersonations appearing on its website.

Ripple Sues YouTube

In a recent post, Ripple announced that it will file a lawsuit against the most widely-used video sharing platform. The company blames YouTube for not taking the necessary action to confront fraudsters and scammers who are regularly utilizing the platform to run deceitful activities.

For instance, the report outlines “giveaway scams” as one of the triggers. The term is used to describe attempts to defraud money from unsuspecting victims via social media impersonations. The scammers try to convince people that they can send a certain amount of money and will receive more shortly – typically through an airdrop.

“It’s time to end this unacceptable behavior and protect our friends, family members, and consumers everywhere. YouTube and other big technology and social media platforms must be held accountable for not implementing sufficient processes for fighting these scams.” – the report reads.

Per the document, Ripple’s name has been involved in numerous such activities on YouTube. As a result, the firm hired external cybersecurity and digital threat intelligence vendor to help with reporting and takedown efforts.

With the outbreak of the novel coronavirus (COVID-19), online scams are becoming even more frequent, as perpetrators are exploiting the desperation of people, the report added.

In fact, even the Federal Bureau of Investigation (FBI) recently published a study on the matter. It claimed that perpetrators utilize the pandemic to dupe victims into sending cryptocurrency funds to nonexistent organizations.

The Impersonations Of Garlinghouse

In an interview, Brad Garlinghouse, Ripple CEO, admitted that his name had been used on several occasions in such impersonations.

He added that similar fraudulent activities had been carried out on other social media platforms like Instagram and Twitter. However, his company singled out YouTube because the other platforms “have been relatively more responsive to complaints about scammers and fake accounts.”

Thus, he believes that more crooks are relocating to YouTube, and the media giant is not making enough effort to curtail them:

“YouTube generated $15 billion in ad revenue last year, and you’re telling me that they can’t spend more money to police obvious scams that violate their own terms of service? – he noted.

Interestingly enough, the cryptocurrency community already has a somewhat tense relationship with YouTube. Since late 2019, the platform started issuing warnings and removing videos of popular digital asset content creators in what later became known as the “Crypto Purge.”

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Crypto Scams Ripple
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!