BitcoinWorld

Blockchain News

Stefan Molyneux Bags $100,000 Cryptocurrency In Donation After YouTube Removal

Alt-right activist Stefan Molyneux has bagged a huge  $100,000 in cryptocurrency as donation from online supporters after his removal from YouTube for fomenting violence and hatred. 

The donation paid to him comes after Molyneux posted a video to his Twitter account on June 29 stating YouTube had banned him from the platform. He requested for donations in cryptocurrency through his website as he listed addresses for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Skycoin (SKY), Dogecoin (DOGE) and Monero (XMR).

According to media reports, supporters have sent 433 BCH, dozens small Bitcoin transactions of mostly 0.001 BTC or less, three small ETH donations totaling roughly $10, 0.3 DASH, no Skycoin, and no DOGE. The total sum amount made by the white supremacist netted about $100,000 in crypto since June 29.

Earlier in January, Molyneux made a similar request for crypto donations to his social media followers when YouTube revoked his channel’s YouTube Partner Program. This action prevented him from earning money on the platform.

“We have strict policies prohibiting hate speech on YouTube, and terminate any channel that repeatedly or egregiously violates those policies,” a spokesman for the platform told CNN in response to the ban, saying that Molyneux’s removal was part of an update to “better address supremacist content” promoting such speech.

Meanwhile, the Southern Poverty Law Center (SPLC) describes Molyneux as “a skilled propagandist and an effective communicator within the racist alt-right and pro-Trump ranks” promoting scientific racism and eugenics.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.