Massachusetts Court Upholds Santander Bank's Non-Liability in Crypto Loss Case

According to PANews, the Massachusetts Appeals Court has upheld a previous ruling, confirming that Santander Bank is not legally responsible for the loss of $750,000 in cryptocurrency assets by customer Lourenco Garcia. Garcia had mistakenly invested in the fraudulent platform Coinegg. The court emphasized that all transactions were authorized by the customer, and the bank was not obligated to prevent them.