YouTube was reportedly added as a defendant in a class action lawsuit against crypto investment platform Bitconnect, according to court documents filed this week.

The lawsuit, which was filed by 6 complainants represented by the Silver Miller law firm, alleges that BitConnect issued crypto coins that were unregistered securities, as well as getting funds through a Ponzi scheme.

The plaintiff says that YouTube failed to delist and demonetize the videos BitConnect published, which exposed countless viewers to the risks brought by the illegally-promoted investments.

Source: Coin Telegraph

Leave a Comment

Your email address will not be published. Required fields are marked *