Steve Wozniak, co-founder of Apple, has criticized YouTube for its inaction against a Bitcoin scam that exploited his image, leading to significant financial losses for victims. He revealed that some individuals lost their entire life savings due to the scam, which he described as a crime that should be addressed. Wozniak became aware of the fraudulent ads when his wife received an email from a victim inquiring about refunds. The scammers had manipulated video footage of Wozniak discussing Bitcoin, falsely promising to double any Bitcoin sent to them. He emphasized the growing issue of online fraud, noting that $9.3 billion was reported lost to scams in 2024 alone. Wozniak's concerns reflect a broader issue of inadequate moderation on social media platforms, which has allowed misleading and fraudulent content to proliferate. He echoed calls for stricter regulations on online advertising, similar to those for traditional media, to protect consumers from exploitation. Google, YouTube's parent company, stated it has taken significant steps to combat such issues. Read more AI-generated news on: https://app.chaingpt.org/news

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