Citibank sued for allowing $20 million in cryptocurrency 'pig killing' fraud to occur

BlockBeats News: On June 26th, a man in the United States sued Citibank for failing to prevent the $20 million cryptocurrency "pig killing" scam. The plaintiff claims to have met a false identity fraudster through Facebook and invested in the NFT platform 'OpenrarityPro', where they were scammed out of their funds. Citigroup has been accused of processing 12 suspicious transfers totaling approximately $4 million without identifying any risk signals. The lawsuit alleges that the bank has committed serious dereliction of duty in monitoring and reviewing. The case has been filed in Manhattan Federal Court in New York. （Cointelegraph）