Almost a year later, Ripple CEO Brad Garlinghouse announced through his Twitter profile, the end of the lawsuit against YouTube. Related to a series of representations published on the video platform.
Specifically, in which scammers offered to participate in XRP distributions on behalf of the company.
Ripple’s lawsuit against YouTube
To recall, both Ripple Labs and Brad Garlinghouse filed a lawsuit against YouTube LLC in April 2020. In which they accused the service of ignoring the problem and their complaints and attributing damage to their reputation.
At the time, Brad Garlinghouse claimed that the damage was irreparable, a «direct consequence of YouTube’s deliberate and inexplicable failure to address widespread and harmful fraud occurring on its platform».
What’s more, Ripple also claimed that YouTube profited from the scammers’ videos by embedding ads into them.
In fact, the lawsuit called for legal, compensatory and punitive damages to be awarded. And that all the enrichment that YouTube received during the period in which the scams were active be restored.
Consequently, YouTube’s legal team countered the lawsuits brought by Ripple and Brad Garlinghouse. Claiming that the platform is not responsible for cryptocurrency scams that involve third parties.
At the time, YouTube claimed that it had no responsibility for the scams. Since the scam channels represented content created by third parties regardless of “inadvertent verification” by YouTube.
Thus, the lawsuit filed by Ripple was countered with an offer to dismiss under Section 230 of the Communications Decency Act. With which the publishers of the platform can be protected from being liable to third parties. Also, YouTube urged the claims before a California judge.
End the lawsuit!
In this regard, Brad Garlinghouse stated: «Last year Ripple and I sued YouTube. For not enforcing its own policies. Now, we have reached a resolution to work together. And thus, prevent, detect and eliminate this type of scams».
In this regard, Brad Garlinghouse said: «Although the specific terms of the agreement cannot be disclosed. Everyone understands that without accountability and proactive action, trust in the industry is falling».
In addition to the above, Brad Garlinghouse, He suggested that progress was being made, but that social media sites still have a responsibility to lead the cleanup of their own platforms.
«Social media is beginning to recognize its role in allowing crypto scams to persist. And they recognize the need to be part of the solution».
Finally, Ripple and YouTube together, they intend to fund a non-profit organization. Intended to help victims of cybercriminals. Obviously, we will be attentive to events.
I say goodbye with this phrase from Thales de Mileto: «Many words do not give proof of the wise man. Because the wise man does not speak except when necessity demands. And the words have to be measured and corresponding to the need».