Stefan Molyneux gathered $100,000 in cryptos after his account erased by YouTube.
Stefan Molyneux, a Canadian Far-right and white supremacist who is known for the publicity of scientific racism, conspiracy theories, white supremacist views, and eugenics received the donations of approx. $100,000 in cryptocurrency.
Reportedly, the donations were followed right after his channel ban by YouTube accounting to spread hate speech and fomenting violence on the influential platform.
On June 30, the Alt-right figure posted a video on tweeter mentioning his YouTube account ban and requested the community for donations in cryptocurrency through his official website while giving the addresses of various options in crypto- Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Monero (XMR), Skycoin (SKY), Dash (DASH), and Dogecoin (DOGE).
Surprisingly, the supporters of the prominent white nationalist donated a huge amount of money in digital assets. So far, Molyneux has received various transactions in Bitcoin (mostly around 0.001 BTC), BCH (approx. 433), DASH (0.3), Eth (nearly $10).
Since 2019, YouTube already facing pressure from critics on taking strict actions against the fascist and anarchical content. On June 29, finally, YouTube banned the hate speech channels right after Reddit and Twitch- the streaming services temporarily banned few subreddits advocating and fostering alt-right views on the platform. Some among them are r/The_Donald for promoting hateful and offending conduct.
YouTube Banned Six Major Accounts Including Stefan Molyneux
In June 2020, along with Stefan Molyneux channel, YouTube also banned few more supremacist and neo-Nazis channels including other alt-right figures are Richard Spencer, American Renaissance (with its associated channel AmRen Podcasts) and Spencer’s National Policy Institute, former KKK leader David Duke, falling in the category.
Richard Bertrand Spencer is an American white nationalist, anti-semitic conspiracy theorist, neo-Nazis- well-known alt-right personality for calling BTC the “currency of the alt-right.”
In line with Molyneux, Spencer also collected donations of around 0.88920026 BTC ($8,135) from their supporters, mentioned by The Southern Poverty Law Center (SPLC)- the body tracking and identifying the transfer of cryptocurrencies to neo-Nazis known accounts.
In response to a ban, one of the YouTube spokespersons told CNN, “We have strict policies prohibiting hate speech on YouTube, and terminate any channel that repeatedly or egregiously violates those policies.”
Stefan Molyneux was promoting supremacist views and banning his account along with others promoting such speeches is a part of an update from YouTube for the content creators to “better address supremacist content.”
Last year in November, Paypal also axed Molyneux’s account, and earlier this year in January Mailchimp banned and restricted him from being a newsletter host to his subscribers on the ongoing alt-right conduct. Though, his Facebook and Instagram accounts are still active as of press time.