{"id":1323,"date":"2018-07-06T10:59:08","date_gmt":"2018-07-06T14:59:08","guid":{"rendered":"https:\/\/www.silvermillerlaw.com\/?p=1323"},"modified":"2023-06-09T12:14:08","modified_gmt":"2023-06-09T12:14:08","slug":"youtube-added-defendant-class-action-lawsuit-bitconnect","status":"publish","type":"news_posts","link":"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/youtube-added-defendant-class-action-lawsuit-bitconnect\/","title":{"rendered":"YouTube Added as Defendant in Class Action Lawsuit Against BitConnect"},"content":{"rendered":"

According to\u00a0court<\/a>\u00a0documents<\/a>\u00a0filed July 3,\u00a0YouTube<\/a>\u00a0has been added as a defendant in a class action lawsuit against\u00a0BitConnect<\/a>.<\/p>\n

The lawsuit was initially\u00a0filed<\/a>\u00a0on January, 24 by six individuals represent by law firm Silver Miller. The claimants state that crypto investment platform BitConnect issued crypto tokens that were unregistered securities, and obtained additional funds through a \u201cwide-ranging\u00a0Ponzi scheme<\/a>.\u201d The plaintiffs stated that their personal losses totalled $771,000. BitConnect allegedly used the funds received from new investors to meet the expectations of the existing ones.<\/p>\n

Per court documents acquired by Cointelegraph, BitConnect and its affiliated parties posted a number of promotional videos on YouTube, which were deemed inappropriate as the material allegedly lured potential investors to a fraudulent investment scheme. YouTube is said to have failed to delist and demonetize the published videos, which exposed \u201ccountless\u201d YouTube users to injurious videos and illegally-promoted\u00a0investments<\/a>.<\/p>\n

The top ten BitConnect affiliates on YouTube reportedly posted more than 70,000 hours of unedited content, which generated 58,000,000 views. The document says that the number of views of several of the affiliate promoters\u2019 videos greatly exceeded the threshold numbers for the \u201cenhanced\u201d eligibility standards. Notably, a fair number of users notified YouTube of fraudulent activity by BitConnect, posting videos with titles such as \u201cHow bitconnect scam works in great detail,\u201d \u201cCraig Grant Explains the Bitconnect scam,\u201d and others. In an email to Cointelegraph,\u00a0David Silver<\/a>\u00a0of Silver Miller said:<\/p>\n

\n

\u201cThis case is not about YouTube being the speaker or publisher of the content on its website. Instead, liability is predicated on YouTube\u2019s failure to act after learning from content directly published on YouTube of the readily foreseeable harm posed by its advertising partners… As the old saying goes: Sometimes when you lie down with dogs, you get fleas.\u201d<\/p>\n<\/blockquote>\n

The claimants state that if YouTube had conducted an appropriate search of its databases, it would have delisted the harmful BitConnect videos. Instead, YouTube allegedly accepted a growing number of BitConnect-related videos, which resulted in numerous victims, including many members of the Class.<\/p>\n

The document also refers to Google LLC, which\u00a0changed<\/a>\u00a0its financial products policy to ban all cryptocurrency-related ads and associated content due to a potential harm to users of\u00a0Google<\/a>-owned platforms, including YouTube. The document concludes:<\/p>\n

\n\u201cYouTube failed as a gatekeeper to protect its users from, and warn its users of, the very harm YouTube set out to prevent with its advertising protocols and proprietary algorithms.\u201d<\/p>\n

Read the Full Article:<\/a><\/p>\n

YouTube Added as Defendant in Class Action Lawsuit Against BitConnect<\/p>\n<\/blockquote>\n","protected":false},"featured_media":1796,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news_categories":[10],"class_list":["post-1323","news_posts","type-news_posts","status-publish","has-post-thumbnail","hentry","news_categories-uncategorized"],"acf":[],"yoast_head":"\nYouTube Added as Defendant in Class Action Lawsuit Against BitConnect - SilverMillerLaw.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/youtube-added-defendant-class-action-lawsuit-bitconnect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YouTube Added as Defendant in Class Action Lawsuit Against BitConnect - SilverMillerLaw.com\" \/>\n<meta property=\"og:description\" content=\"According to\u00a0court\u00a0documents\u00a0filed July 3,\u00a0YouTube\u00a0has been added as a defendant in a class action lawsuit against\u00a0BitConnect.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/youtube-added-defendant-class-action-lawsuit-bitconnect\/\" \/>\n<meta property=\"og:site_name\" content=\"SilverMillerLaw.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/silvermillerlaw\/\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-09T12:14:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.silvermillerlaw.com\/wp-content\/uploads\/2018\/11\/YouTube-court-Lawsuit.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"896\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@dcsilver\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/youtube-added-defendant-class-action-lawsuit-bitconnect\/\",\"url\":\"https:\/\/www.silvermillerlaw.com\/press\/in-the-news\/youtube-added-defendant-class-action-lawsuit-bitconnect\/\",\"name\":\"YouTube Added as Defendant in Class Action Lawsuit Against BitConnect - 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