Apple co-founder Steve Wozniak recently revealed that victims of a YouTube Bitcoin scam have ‘lost life savings’ due to fraudulent advertisements impersonating him. Wozniak has been fighting a legal battle against YouTube since 2020 for its failure to remove such content promptly.
In a statement, Wozniak expressed his frustration, stating, ‘Look at spam, look at the phishing attempts, they’re just all over the place.’ This incident highlights the growing issue of online scams and the need for stricter regulations to protect users.
Wozniak’s criticism of YouTube aligns with calls from UK Liberal Democrat MP Max Wilkinson, who has urged for advertising standards on the platform to be held to the same level as those for television and radio in the UK.
Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism.
With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
