A California resident files a lawsuit against 3 Asian banks for a crypto scam that cost him nearly $1 million
Ken Liem, a California resident, has initiated a lawsuit against three Asian banks, alleging negligence in preventing a cryptocurrency scam that resulted in a loss of nearly $1 million. Filed in a California district court on December 31, 2024, the lawsuit claims that Fubon Bank Limited, Chong Hing Bank Limited, and DBS Bank Limited failed to conduct adequate due diligence and implement necessary Know Your Customer (KYC) and Anti-Money Laundering