In a new case, Ripple, which builds software backing the third largest cryptocurrency in the market XRP, has filed a lawsuit against YouTube, the world’s most popular video-watching platform.

The case was filed, as we mentioned above, by Ripple, along with its CEO, Brad Garlinghouse, as for the place of filing the lawsuit, it was filed in a federal district court in Northern California.

The complaint is that a large number of scams related to the XRP currency reached the “YouTube” platform, and that the “YouTube” platform failed to take action against them despite the demands of “Ripple”.

In addition, Ripple claims that YouTube frequently checks accounts for fraud and gives some of them “verification badges” even though they are bogus and fraudulent channels.

Read:How to earn cryptocurrency with Flappy Bird

Ripple is now asking a federal court to get its hands on YouTube, and prevent it from making more profit from these scams and through the advertising revenue generated by these parties.

Ripple said in Posted on her blog:

We see a dire need now, more than ever before, to protect consumers around the world from dangerous online frauds and fake identity scams across YouTube, Twitter and Facebook…

Court documents allege that Garlinghouse and his company have suffered “irreparable damage” to their public images as a result of the XRP scams on YouTube. The lawsuit also claims that these scams resulted in users being defrauded and losing millions of XRP worth hundreds of thousands of dollars.

Scams usually involve crypto giveaways and misuse of the names and personalities of the crypto market, to deceive users into sending money in exchange for an opportunity to make big profits in return.

Such scams are also spreading on social media platforms such as Twitter.

Online scams have spiked in the last month following the spread of the coronavirus.

The Commodity and Futures Commission (CFTC) reported that from January 1 of this year to the current month, the fraud related to the Corona virus has reached a total loss of more than 13 million dollars.

Read:Poloniex cancels listing of 23 trading pairs due to “poor liquidity”

Last week, the FBI announced that it expects an uptick in crypto-related fraud as the virus continues to spread. Common examples have included fraudulent Bitcoin donation requests from organizations such as the World Health Organization:

The FBI warns of four fraudulent crypto methods in the time of Corona … Get to know them

Read also:

How do you recognize fraudulent projects in the cryptocurrency world?

A new scam is all about searching for lost private keys…details here