Co-Founder of Dogecoin Floats Jaw-Dropping Elon Musk Bitcoin Scam Theory on YouTube

Jackson Palmer, a co-founder of Dogecoin, has criticized YouTube for failing to take action against livestream scams using Elon Musk.

By using a simple name search, Palmer was able to locate a number of scam streams. Palmer has heard a notion that claims that YouTube is not addressing the issue because doing so would cause it to lose advertising revenue. If true, that’s just incredibly depressing, said the co-founder of Dogecoin.

YouTube has received a lot of flak for its inability to block scam adverts – Dogecoin

Numerous viewers of fake videos portraying Musk and other well-known figures are present right now. Scammers frequently use too-good-to-be-true promises to entice their victims into transferring them cryptocurrency.

Palmer saw that some of these fraudulent videos were appearing in the sidebar suggestions. Palmer finds it odd that Cathie Wood of Ark Invest has not yet gotten in touch with YouTube to address the rife bitcoin scams.

The blockchain business Ripple sued YouTube in 2021 after its CEO Brad Garlinghouse complained that the platform had not taken down scam videos.

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