Money & Corp · Court of Appeals for the Second Circuit
14h
AI illustrationBank accused of fraud over cryptocurrency collapse. Did the court dismiss the claims correctly?
Your callDid the court correctly dismiss the claims against the bank for fraud and vicarious liability?
TL;DR
- 1A corporate plan administrator claims a bank helped a failing cryptocurrency company defraud nearly 32,000 customers.
- 2The administrator argues the bank knew about the fraud and should be responsible for the losses.
- 3The district court says the complaint doesn't show the bank had actual knowledge of the fraud or a valid agency relationship.




