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Citibank sued for allegedly allowing $20 million crypto scam to occur
Summary: A man in the US has sued Citibank, accusing them of failing to prevent a $20 million crypto scam. The plaintiff claims to have met the fraudulent individual through Facebook and invested in the NFT platform OpenrarityPro, resulting in funds being stolen. Citibank is accused of processing 12 suspicious transfers totaling around $4 million without ...
A man in the US has sued Citibank, accusing them of failing to prevent a $20 million crypto scam. The plaintiff claims to have met the fraudulent individual through Facebook and invested in the NFT platform OpenrarityPro, resulting in funds being stolen. Citibank is accused of processing 12 suspicious transfers totaling around $4 million without identifying any risk signals. The lawsuit alleges severe negligence on the bank's part in monitoring and reviewing. The case is currently filed in the federal court in Manhattan, New York.
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