2018-7-9 03:52 |
News
Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos.
Also Read: No Insider Trading, Market Manipulation and Misleading Ads – Malta’s New Crypto Law
Youtube to Blame for Bitconnect?
Youtube has been added as a defendant in a class action lawsuit against Bitconnect recently, evident by publicly available documents filed with the Southern District Court of Florida.
According to the lawsuit, the Google-owned video platform failed to protect or warn its users from Bitconnect affiliates’ promotional material, which reached over 70,000 hours and 58 million views on Youtube.
YOUTUBE was negligent in failing to warn those victims of the harmful content for which YOUTUBE compensated their creators and publishers,” the document alleges.
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