Google’s subsidiary video-sharing giant YouTube is on trial for promoting crypto scams, while Google’s advertising platform continues to display fraudulent crypto ads through its advertising network. CoinCorner is a UK-based bitcoin exchange company. It reported that Google continues to block them from advertising on the social media engine. But the search engine giant has allowed a fake site to impersonate it by running a phishing ad. Molly Spiers, marketing manager of CoinCorner, tweeted saying, so Googeleads won’t allow their company, which is a longstanding legitimate business on its platform, but will allow phishing companies?
Google allows the fake crypto company to run ads while blocking the real one.
Marketing manager of CoinCorner, Molly Spiers, said their team noticed the first fraudulent ad Thursday morning after searching for “CoinCorner” on Google.com and Google.co.uk. According to Spiers, Google Ads was running an ad for CoinCorner’s phishing clone website, CoinCornerr.com. CoinCorner had struggled to place ads on Google Ads for years. Ironically, The search engine giant had put in place a crypto ads embargo earlier to protect users from such fraudulent offers. The ban was partly relaxed in 2018 when the company authorized regulated cryptocurrency exchanges in the United States and Japan.
Ripple sues YouTube for not removing fake accounts offering XRP giveaways.
Later last month, Ripple Labs and its CEO Brad Garlinghouse had filed a lawsuit against the video-sharing giant platform YouTube for not acting swiftly enough and removing fake crypto accounts. YouTube did not suspend accounts that impersonated Ripple and offered fake giveaways to users. Ripple CEO had claimed that YouTube enabled XRP investors to lose hundreds of thousands of dollars in these scams. Yesterday, YouTube had suspended Ripple’s CTO David Schwartz’s YouTube account for impersonating. Ripple CTO tweeted that YouTube just decided to suspend my channel for impersonation. I wonder who they think I was impersonating, he added.
While Google allowed a phishing advertisement on its advertising network, it’s subsidiary YouTube has been suspending crypto-related channels on its platform for no reason.
