The Massachusetts Appeals Court ruled that Santander Bank is not responsible for the $750,000 cryptocurrency fraud loss suffered by its customer

ChainCatcher news, according to Bitcoin.com, the Massachusetts Appeals Court has confirmed in an unpublished ruling that the lawsuit filed by plaintiff Lourenco Garcia against Santander Bank has been dismissed. The plaintiff reportedly sought to hold Santander Bank accountable for losses exceeding $750,000 in a cryptocurrency scam associated with a fraudulent crypto platform named Coinegg.

The Massachusetts Appeals Court found that while Santander Bank could refuse or block any or all transactions, it was not obligated to do so. Furthermore, the plaintiff authorized each transaction and did not find that the bank violated any contractual terms or legal obligations.