The cryptocurrency market has brought many interesting things to the community. Some of them include products, services and innovations. Indeed, Bitcoin (BTC) is here to become the next evolution of money in human’s history. However, for some companies and individuals, the crypto space has also brought some issues. YouTUbe, T-Mobile and John McAfee are currently being sued for different reasons.
Massive Suing Processes in the Crypto Market
John McAfee, one of the most popular figures in the industry, has been sued by Intel due to the name “GhostbyMcAfee.” Mr. McAfee cannot use his own surname anymore to name other products and services. He must use his full name.
On Twitter, McAfee wrote:
“Intel ahs sued me over the name “GhostbyMcAfee.” The buyers of my old company are too foolish to understand that whatever I create only helps their now pitiful product. Anyway… “GhostbyJohnMcAfee”, while acceptable, seems clunky. Any suggestions?”
Intel has sued me over the name "GhostbyMcAfee".
The buyers of my old company are too foolish to understand that whatever I create only helps their now pitiful product.
Anyway …
"GhostbyJohnMcAfee", while acceptable, seems clunky.
Any suggestions?
— John McAfee (@officialmcafee) July 22, 2020
Ghost is a Proof of Stake (PoS) privacy coin promoted by John McAfee. The main goal was to provide the crypto community with a secure and privacy-focused digital asset.
T-Mobile is also sued for over $8.7 million due to the attacks that were processed using the sim cards of the company. The CEO of Veritaseum, Reggie Middleton, was the victim of SIM-swaps in 2017, 2018 and 2019, which resulted in the theft of $8.7 million worth of crypto.
SIM-swap attacks became very popular ways for hackers to reassign a SIM card to another phone number. Once this strategy was performed, the hacker could change passwords and have access to exchange accounts, among other things.
Finally, the co-founder of Apple, Steve Wozniak, is suing YouTube due to the large number of Bitcoin giveaway scams that took place on the video platform. Wozniak was not the only person involved in this lawsuit against YouTube and Google. 18 plaintiffs have filed this lawsuit demanding YouTube to remove all the Bitcoin giveaway scams under their names.
Twitter has been the target of a massive hack last week that affected the largest accounts in the world. Despite that, Twitter behaved swiftly and was able to stop the attackers. Moreover, Twitter has also shut down hundreds of accounts (if not thousands) that were impersonating crypto figures and asking for funds from followers.
As the 18 plaintiffs claim, YouTube continues to profit with these accounts rather than shutting them down as Twitter has already done many times in the past.
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