Ripple has disputed YouTube's claims that it knew nothing about the XRP "giveaway" scams, accusing the platform of "willful blindness" after being alerted hundreds of times.
- YouTube filed a motion to dismiss the suit in July, arguing it didn't knowingly engage in any scams and that, as an online platform, it can't be held liable for third-party content.
- But in a response to YouTube's motion, filed Tuesday, Ripple contested this claim.
- The blockchain payments firm argued that the 350 takedown notices it sent to Youtube mean it knew all about the scams but opted not to act, or only did so weeks or months later.
- YouTube is accused of "willful blindness," with Ripple alleging it disregarded or ignored explicit warnings about the scams happening on its platform.
- At its worst, multiple giveaway scams were uploaded to YouTube every day, some receiving tens of thousands of views in a matter of hours.
- Ripple claims users were defrauded of millions of XRP, worth hundreds of thousands of dollars, and the company suffered serious reputational damage as a result of YouTube's failure to act.
- The filing also alleges YouTube profited from earning ad revenue from the scam videos and "materially contributed" to the situation by giving a verified "tick" to one of the giveaway channels.
- Ripple isn't the only company accusing YouTube of not doing enough to stop such scams.
- Apple founder Steve Wozniak, along with 18 other plaintiffs, is also seeking punitive damages from the platform for bitcoin scam videos that also used his likeness.
Read Ripple's response in full below:
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.