US Appeals Court Dismisses $751,000 Crypto Lawsuit Against Santander Bank

A Massachusetts appellate panel on April 18, 2025, brought to a close a bizarre dispute in which customer Lourenco Garcia sought to hold Santander Bank liable for $751,000 he lost to a crypto scam.   The court ruled that neither the bank’s customer agreement nor state law obligates Santander to block or flag customer‑authorized transfers, even where fraud is rampant. Santander Bank Wins a Rather Unconventional Crypto Lawsuit Between December 2021 and January 2022, Garcia used his checking and savings accounts to make two debit‑card purchases and seven wire transfers to Metropolitan Commercial Bank of New York.   Those funds were then used to purchase cryptocurrency on Crypto source: https://beincrypto.com/santander-bank-wins-crypto-lawsuit-dismissal/