YouTube Added to BitConnect Class Action Lawsuit
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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