Massachusetts Appeals Court Rules Santander Not Liable for Customers' $750,000 Crypto Fraud Losses

Odaily Planet Daily News The Massachusetts Court of Appeals in the United States confirmed in an unpublished ruling that the lawsuit filed by plaintiff Lourenco Garcia against Santander Bank has been dismissed. It is reported that the plaintiff tried to ask Santander Bank to be responsible for his losses of more than $750,000 in a cryptocurrency scam, which was associated with a fraudulent crypto platform called Coinegg. The Massachusetts Court of Appeals held that although Santander Bank could refuse or block any or all transactions, it was not obliged to do so. At the same time, the plaintiff personally authorized each transaction and did not find that the bank had violated any contract terms or legal obligations. (News.bitcoin)