Share this article

YouTube Suspends Ripple’s Tech Chief Days After XRP Scam Lawsuit Filing

Schwartz's channel was suspended for impersonation, but he's no idea why.

Updated May 9, 2023, 3:08 a.m. Published Apr 29, 2020, 10:42 a.m.
jk

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.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Schwartz, who also goes by the online moniker "Joel Katz," said Wednesday morning YouTube had suspended his channel. "Weirdly, YouTube just decided to suspend my channel (SJoelKatz) for impersonation. I wonder who they think I was impersonating," he tweeted.

CoinDesk reached out to Schwartz for comment but received none at press time.

YouTube can "terminate" channels that violate the platform's guidelines including for predatory behavior, hate speech, harassment as well as impersonation. Channel owners are prohibited from creating new channels, but they are allowed to submit an appeal request if they think their channel was suspended or terminated in error.

See also: Ripple Engineers Publish Design for Private Transactions on XRP Ledger

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.

"Ripple has repeatedly demanded that YouTube take action to stop the Scam and prevent further harm. Yet, YouTube refuses, even where the same scheme is replicated time and again on its platform. YouTube’s response has been woefully inadequate and incomplete. As a result, Ripple and Mr. Garlinghouse continue to suffer substantial reputational harm," reads the lawsuit.

See also: Third-Party Cryptos Could Launch on XRP Ledger, Says Ripple’s David Schwartz

Schwartz's channel was active for years so the timing of the suspension is interesting, given that it comes so close to the start of legal proceedings. Of course, it may be down to YouTube's moderation algorithms messing up again.

CoinDesk approached YouTube for comment, but hadn't received a response by press time.

More For You

State of the Blockchain 2025

State of the Blockchain 16:9

L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.

What to know:

2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.

This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.

More For You

Coinbase agrees to buy The Clearing Company to deepen prediction markets push

Coinbase CEO Brian Armstrong speaking to House Speaker Mike Johnson on July 18, 2025. (Jesse Hamilton/CoinDesk)

The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.

What to know:

  • Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
  • The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
  • The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.