Tubefilter: YouTube, Whose Users Promoted Fraudulent Cryptocurrency Bitconnect, Is Added As Defendant In Lawsuit

Tubefilter: YouTube, Whose Users Promoted Fraudulent Cryptocurrency Bitconnect, Is Added As Defendant In Lawsuit. “In January 2018, the cryptocurrency Bitconnect collapsed, losing more than a billion dollars in market cap. In the wake of that crash, Bitconnect was referred to as a scam and a Ponzi scheme, and several investors who lost money on the coin promptly filed a class action lawsuit against it. Now, YouTube has found itself named in that suit. The video site has been added as one of the case’s defendants, owing to the fact that it allegedly served as “an active participant in the events that give rise to Plaintiffs’ and the Class’ claims,” according to legal documents filed in the Southern District Court of Florida.”

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