Ripple Sues YouTube, Monero Movie, Draper’s Crypto Plugin

Ripple executives have filed suit against YouTube, Tim Draper wants to enable crypto trading across the web and a documentary about Monero briefly topped the U.S. box office.

Ripple Labs and CEO Brad Garlinghouse are accusing the video hosting juggernaut of failing to remove reputationally damaging and fraudulent advertisements for free cryptocurrency giveaways.

According to the suit, scammers have impersonated Garlinghouse and also created channels purportedly linked to Ripple, in a guise to dupe watchers. The scams frequently ask for small upfront payments that will be met with huge XRP rewards, which, of course, never come. While Ripple, Garlinghouse and hundreds of viewers have filed complaints against the channels, “YouTube’s response has been woefully inadequate and incomplete,” the suit alleges. Here’s the story:

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Ripple CEO Brad Garlinghouse has filed suit against YouTube, alleging the video hosting platform did not act swiftly enough to remove “XRP giveaway” scam advertisements.

YouTube Sued
Ripple Labs and CEO Brad Garlinghouse are suing YouTube over allegations the video streaming giant has failed to police its platform against fake XRP giveaway scams, resulting in monetary damage to users and reputational harm to Ripple. Among the allegations, Ripple says the Google subsidiary assists scammers in disseminating ads, and profits off the practice.

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