Much as with Twitter, the YouTube rip-offs utilize Wozniaks image to encourage users that he would double any bitcoins they send him. “When users transfer their cryptocurrency, in an irreparable transaction, they receive absolutely nothing back,” according to the claim.
Woz kept in mind that Twitter reacted “that exact same day” to comparable attacks, while YouTube has been unresponsive. “YouTube has actually been unapologetically hosting, promoting, and straight profiting from comparable frauds.”
In a remark posted by Wozniak on Engadgets newspaper article about the Twitter bitcoin hack, he foreshadowed the suit. “This took place to Elon Musk and myself and others on YouTube recently,” he wrote. “The reputation issue depends on the reality that after a while, numerous email us searching for their crypto-currency and [are] mad at us. The real issue is that there is no solid method to keep numerous such posts from showing up, even with apparent copyright infringement, via algorithms. And with such companies as YouTube (Google) and Twitter, excellent luck reaching a human.”
Its true that Twitter rapidly stopped the bitcoin scams that came directly from the hacked prominent accounts. Such fraud still is plentiful on Twitter, as can be seen in the comments on any Elon Musk tweet. YouTube has protected itself from similar cases by claiming resistance under the federal Communications Decency Act, which mentions that service providers cant be held accountable for user-posted material on their platforms.