Bungling Bankers or Savvy Swindlers? The City’s $20M Crypto Caper and Citibank’s Wobbly Watchdogs
The scam, called “pig butchering” (don’t worry, no bacon involved), is where tricksters feed you sweet nothings, fatten you up on fake romance, and then—CHOP!—your investments vanish. All the while the bank’s fraud detectors seemed to be taking a very, very long nap. Zidell shipped off 43 wire transfers totaling $20 million, which is either devotion or the most expensive online dating subscription in history. The complaint claims Citibank didn’t even try to chase down the dastardly crypto villains.