This has been going on for many years now, YouTube doesn't do anything about it.

Youtube simply doesn't care about their platform being used for scams. There are very simply very basic things they could do, but they simply don't.

They're quick to demonetize people though. Anything to make an extra buck.

Youtube is an incompetent organization. I've seen it take them nearly 48 hours to restore channels stolen by scammers to their rightful owners (all the while allowing the crypto scammers to continue streaming.)

Sorry, too busy selling ads.