Apple co-founder Steve Wozniak speaks out about Bitcoin scam on YouTube, victims lose "life savings"

Steve Wozniak, co-founder of Apple, criticized #YouTube for failing to take timely action against a Bitcoin scam that used his image. This incident has caused many victims to lose their "life savings," and he has been pursuing legal action since 2020.

Concerns about the rise of Deepfake scams

Wozniak stated that he discovered the scam when his wife received an email from a victim. The scammers used videos of him discussing Bitcoin, embedding a wallet address and promising to send back double the amount if users transferred Bitcoin to them. He emphasized that major platforms like YouTube are lacking robust measures to combat these types of crimes.

Wozniak's warning comes amid a surge in scams using AI technology #Deepfake , targeting other tech leaders such as Elon Musk and Jeff Bezos. Data from the FBI shows that $9.3 billion has been lost due to online scams in 2024.

Call for stricter regulations

Wozniak's criticism has been echoed by officials and experts who are calling for online platforms to be held accountable and comply with stricter regulations, similar to television and radio channels. Although YouTube claims to have removed billions of violating ads, Wozniak believes these efforts are still insufficient to protect users from sophisticated scam tactics. #scam