A wave of YouTubers received notifications that their videos were in breach of the platform's terms of service earlier this week.
The move appeared to target smaller channels and publishers that focused on Bitcoin and crypto-currency content.
The Google-owned video sharing platform has since apologised for the mistake.
YouTube said in a statement that it had "made the wrong call" and confirmed that any content mistakenly removed would be restored.
"With the massive volume of videos on our site, sometimes we make the wrong call," it said.
"When it's brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it."
It said there had been no changes to its polices, and insisted there would be "no penalty" to any channels that were affected by the incident.
Despite the apologies, I still think bitcoin video enthusiasts should migrate to decentralised video hosting sites like D tube: https://d.tube/
Right now the best option for other platform like D tube is to make sure that they continue to gather audience or customers so we can transfer to them anytime the YouTube will fully ban crypto related channels and videos.