According to Cointelegraph, Michael Zidell, a victim of the cryptocurrency "pig killing market", has sued Citibank in Manhattan federal court, accusing the bank of ignoring suspicious transaction warnings and resulting in a fraud of $20 million. The lawsuit shows that Zidell made 43 transfers to multiple bank accounts controlled by fraudsters, of which nearly $4 million was transferred to the Citibank Guju Inc account.
This' pig killing pan 'scam began in 2023, where scammers disguised themselves as businessman' Carolyn Parker 'and induced Zidell to invest in NFTs through Facebook. The complaint pointed out that Citibank did not investigate frequent abnormal transfers of large integers, which violated its anti money laundering monitoring obligations. When Zidell discovered that the trading platform called OpenrarityPro had suddenly shut down, the funds could no longer be recovered.
