Santander escapes liability in customer’s costly CoinEgg crypto scam

Santander Bank Not Liable for Customer’s $750K Crypto Loss, Court Confirms – Legal Bitcoin News

A $750,000 crypto fraud lawsuit just hit a wall as the court ruled Santander had zero legal duty to stop authorized transactions, despite scam claims. Court Shuts Down $750K Crypto Lawsuit Against Santander Over Fraud Losses The Massachusetts Appeals Court, in an unpublished decision, affirmed on April 18 the dismissal of a lawsuit brought by […]

Santander escapes liability in customer’s costly CoinEgg crypto scam

A Massachusetts appellate court shut the door on an unusual legal battle in which customer Lourenco Garcia sought to hold Santander Bank responsible for a $751,000 loss he suffered in a cryptocurrency scam. According to the court ruling, neither Santander’s customer agreement nor Massachusetts law requires the bank to block or investigate customer-authorized transactions, even when those transfers are tied to apparent fraud. Santander cleared af…

In a surprising turn of events, Santander has been rid of a million dollar lawsuit related to cryptocurrencies. The appeals court has dismissed the case of a $751,000 lawsuit, which offers great relief to the bank. With the increase in litigation in cryptocurrencies, this news sets a significant precedent for future cases. As cryptocurrencies continue to gain ground, legal challenges continue to advance in a challenging way.A Financial Risk Trib…

US Appeals Court Dismisses $751,000 Crypto Lawsuit Against Santander Bank

A Massachusetts appellate panel on April 18, 2025, brought to a close a bizarre dispute in which customer Lourenco Garcia sought to hold Santander Bank liable for $751,000 he lost to a crypto scam.   The court ruled that neither the bank’s customer agreement nor state law obligates Santander to...