Santander Bank Appeals Ruling: Customer Loss in Crypto Case Remains Unresolved

A Massachusetts appeals court has upheld its prior decision, confirming that Santander Bank is not liable for the loss of $750,000 in cryptocurrency assets suffered by customer Lourenco Garcia. Garcia unknowingly invested in the fraudulent platform Coinegg. The court ruled that all transactions were approved by Garcia himself and therefore Santander Bank was not legally required to prevent them from occurring.