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Positive Court Ruling for Apple's Wozniak in YouTube Bitcoin Scam Case

Key Takeaways

  • Apple co-founder Steve Wozniak wins an appeals court verdict against YouTube over misleading Bitcoin scam videos.
  • The court's decision challenges YouTube's reliance on Section 230 of the Communications Decency Act for immunity from liability.
  • This landmark ruling could redefine the responsibilities of social media platforms in moderating and controlling fraudulent content.
Positive Court Ruling for Apple's Wozniak in YouTube Bitcoin Scam Case

Steve Wozniak, the co-founder of Apple, has secured a favorable ruling in the ongoing legal battle with YouTube, allowing his lawsuit to continue.

This dispute revolves around a series of altered videos that exploited Wozniak's image to promote a Bitcoin (BTC) scam in 2020.

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These videos, also involving other high-profile individuals like Elon Musk and Bill Gates, promised viewers double returns on their Bitcoin investments, leading to widespread misinformation and financial losses.

Wozniak, alongside 17 other defrauded users, initiated legal action against YouTube and its parent company, Google, in response to the spread of these videos on the platform.

A San Jose appeals court recently overturned a previous ruling, challenging YouTube's claim of immunity under Section 230 of the Communications Decency Act, a legislation that protects online platforms from being blamed for content their users post.

The plaintiffs tried to argue YouTube's involvement in the scam by using an example of at least one instance where the scammers were awarded a "verification badge"—a blue checkmark—indicating the platform had verified the channel as credible.

Wozniak's attorney, Joe Cotchett, emphasized that Section 230 should not serve as an absolute defense and remarked:

This ruling underscores the necessity for social media giants like Google and YouTube to be accountable for their platforms.

The implications of this verdict extend beyond the immediate parties involved, potentially influencing how federal laws govern online media, suggesting a need for a reevaluation of the responsibilities of platforms in policing their content.

It is not the first time that YouTube and crypto scams have been used in the same sentence. Crypto sleuths ZachXBT and Coffeezilla have previously called out the platform's star KSI for using pump-and-dump schemes.

Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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