Woman Gets Scammed Of Nearly $700k ETH Anyway, Despite Repeated Bank Warnings

A Canadian woman lost her life savings to a crypto scam after repeatedly ignoring warnings from her ￰0￱ victim identified as Victoria resident Yan Li Xu transferred 671,000 Canadian dollars (about $480,000 USD) worth of Ethereum through NDAX Canada in ￰1￱ week the British Columbia Supreme Court ruled that NDAX was not responsible for the loss because the exchange fulfilled its duties by warning Xu multiple ￰2￱ Warnings Could Not Have Been Clearer Xu opened her NDAX account on April 10

2023 after an online acquaintance convinced her to invest in a scheme promising returns of up to 1% per ￰3￱ fund this “opportunity,” she remortgaged her home and borrowed from a ￰4￱ the next five weeks she deposited C$671,000 into her NDAX account and used it to buy ￰5￱ woman sues crypto exchange for scam and loses |