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BTCC / BTCC Square / Global Cryptocurrency /
Santander Escapes Liability in Customer’s $751K Crypto Scam

Santander Escapes Liability in Customer’s $751K Crypto Scam

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-19 06:18:01
0
A Massachusetts appellate court ruled that Santander Bank is not responsible for a $751,000 loss suffered by customer Lourenco Garcia in a cryptocurrency scam. Garcia personally authorized the transfers to Metropolitan Commercial Bank of New York, which were then used to purchase cryptocurrency via Crypto.com and an unspecified trading platform. Neither Santander’s customer agreement nor Massachusetts law requires the bank to block or investigate such transactions, even when tied to apparent fraud.
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