Ripple settled a dispute with YouTube about the promotion of the fraudulent distributions of XRP - Bits Media

Ripple Director General Brad Garlinghaus announced the completion of the trial with YouTube, associated with fake videos about the distribution of coins XRP.

In April 2020 years Brad Garlinghaus (Brad Garlinghouse) filed a lawsuit against YouTube for posting a fake video with fragments of his interview. Attackers called on users to introduce from 2 000 to 500 000 XRP, so that in return they get the amount, Five times higher than these investments.

Garlinghaus accused the video hosting of conscious benefits from the actions of fraudsters, Considering, that their videos were placed in their videos. According to the head of Ripple, YouTube could not ensure compliance with its own rules and did not take any measures against criminals, impersonate the leaders of cryptocurrency firms and discredit their reputation.

9 Marta Garlinghaus announced on Twitter about the completion of the trial with YouTube. The companies decided to cooperate to detect fake materials and suppress such actions of attackers. Details of the Ripple and YouTube agreement are not disclosed.

Last year, @Ripple and I sued @YouTube for failing to enforce its own policies by allowing fake accounts (impersonating my/Ripple’s verified accounts) to conduct XRP giveaway scams. We’ve now come to a resolution to work together to prevent, detect and take down these scams. 1/3
— Brad Garlinghouse (@bgarlinghouse) March 9, 2021

Garlinghaus noted, that social networks are still responsible for filtering the published content. Social platforms are already beginning to realize the need to take measures against cryptocurrency scammers. According to Garlinghaus, firms like XRP Forensics help to track stolen means. But media platforms should also take a direct part in the fight against fraud, Otherwise, the process will resemble the game "Kill the Mole", which can last endlessly.

Unlike the successful completion of the judicial dispute with YouTube, Ripple proceedings with the US Securities and Exchange Commission (SEC) Still continues, And the parties do not intend to give in to each other. In December, SEC accused the company of unregistered securities on $1.3 billion, organized in 2013 year. However, the management of Ripple considers the accusations of the department incomplete and unreasonable.