Citibank faces a lawsuit from a victim of a $20 million crypto romance scam, alleging the bank ignored clear “red flags.” The plaintiff, Michael Zidell, claims Citibank processed nearly $4 million of his funds to scammers’ accounts despite suspicious transaction patterns. The suit accuses Citibank of negligence and aiding the “pig butchering” scheme, arguing the bank failed its duty to monitor suspicious activity.
Citibank Sued Over $20M Crypto Scam
