Massachusetts Appeals Court Rules Santander Not Liable for Customers' $750,000 Crypto Fraud Losses
2025-04-20 08:17:37
Odaily News In a yet-to-be-published ruling, the Massachusetts Court of Appeals in the United States confirmed that the lawsuit filed by plaintiff Lourenco Garcia against Santander Bank has been dismissed, in which the plaintiff sought to hold Santander Bank responsible for losses of more than $750,000 in a cryptocurrency scam associated with a fraudulent crypto platform called Coinegg. The Massachusetts Court of Appeals held that while Santander Bank could refuse or block any or all transactions, it was not obliged to do so, and that the plaintiff personally authorized each transaction and did not find that the bank had violated any contractual terms or legal obligations. (News.bitcoin)
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