Apple Co-Founder Steve Wozniak: YouTube Bitcoin Scam Victims 'Lost Life Savings'
Apple co-founder Steve Wozniak has criticized YouTube for not taking action against a Bitcoin scam that impersonated him, leading to significant financial losses for victims. Wozniak highlighted that some individuals reportedly lost their entire life savings due to the scam, which falsely promised to double any Bitcoin sent to him. Despite multiple takedown requests made years ago, YouTube has yet to adequately address the issue, prompting Wozniak to pursue legal action against the platform. His comments come amid a surge in AI-generated deepfake scams targeting prominent figures in the tech industry. Reports indicate that online scams led to losses of approximately $9.3 billion in 2024, with deepfake fraud contributing significantly to these numbers. Regulations for online advertising remain inadequate, with calls for platforms to ensure stricter moderation of their ads. Wozniak's situation echoes broader challenges faced by tech leaders as scams proliferate, often exploiting trust and using advanced technologies to deceive the public.
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