Overview
- Victims such as Jennifer Marion lost 0.9 bitcoin, valued at $59,000, after trusting a YouTube video promising to double their cryptocurrency.
- Google policy chief José Castañeda says YouTube offers tools for reporting impersonation and acts quickly on violations flagged by users.
- Attorney Brian Danitz estimates AI-driven scams cost over $10 billion annually and cryptocurrency schemes add around $5 billion in losses.
- Wozniak cautions that scam operations have spread across the internet and argues current platform measures remain insufficient to protect users.
- His stalled lawsuit highlights urgency for revisiting Section 230 to enable platforms to face liability for user-posted fraudulent content.