2018-7-6 08:23 |
According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect.
YouTube is said to have failed to delist and demonetize the published videos, which exposed “countless” YouTube users to injurious videos and illegally-promoted investments.
The top ten BitConnect affiliates on YouTube reportedly posted more than 70,000 hours of unedited content, which generated 58,000,000 views.
Notably, a fair number of users notified YouTube of fraudulent activity by BitConnect, posting videos with titles such as “How bitconnect scam works in great detail,” “Craig Grant Explains the Bitconnect scam,” and others.
Instead, YouTube allegedly accepted a growing number of BitConnect-related videos, which resulted in numerous victims, including many members of the Class.
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