Odaily News Michael Zidell, a victim of a cryptocurrency scam, sued Citibank in Manhattan federal court, accusing the bank of ignoring suspicious transaction alerts, resulting in him being defrauded of $20 million. The complaint shows that Zidell transferred money to multiple bank accounts controlled by the scammers through 43 transfers, of which nearly $4 million was transferred to Citibank's Guju Inc. account. The "pig killing" scam began in 2023, when the scammer disguised himself as a businessman "Carolyn Parker" and induced Zidell to invest in NFTs through Facebook. The complaint stated that Citibank failed to investigate the frequent abnormal transfers of large integers, violating its anti-money laundering monitoring obligations. When Zidell discovered that a trading platform called OpenrarityPro had suddenly closed, the funds could no longer be recovered. (Cointelegraph)