YouTube has suspended the channel of Ripple CTO David Schwartz soon after the blockchain firm launched a lawsuit against it over XRP scams in videos.

Wednesday's events come a week after Ripple initiated a lawsuit against Youtube on allegations the platform had failed to prevent fake XRP giveaway scams on the platform. The filing states Youtube's unwillingness to suspend scam channels has led to users being defrauded out of hundreds of thousands of dollars, as well as reputational damage for Ripple.

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