Victims of a $20 million encryption scam suing Citibank have filed lawsuits against two other banks.

Gate News bot news, a man who claims to be a victim of a crypto assets "Pig-butchering scams" has recently sued Citibank for failing to timely detect warning signs, and now, he has filed a second lawsuit against two other banks.

Michael Zidell filed a lawsuit against Cathay Bank and East West Bank on Tuesday in federal court in California, accusing the two banks of "ignoring their statutory duties and obligations."

He claimed that he transferred 18 transactions totaling nearly 7 million US dollars to the Hua Mei Bank account suspected of fraud, and transferred 13 transactions totaling over 9.7 million US dollars to an account at Cathay Bank.

Zidell filed a lawsuit against Citibank on June 24, accusing it of ignoring warning signs and transferring a total of approximately $4 million in 12 transactions to a Citibank account suspected of fraud.

Zidell claims in a lawsuit against the bank that a self-proclaimed business owner named "Carolyn Parker" contacted him on Facebook in early 2023, and the two subsequently developed a romantic relationship.

It is said that after dating for a month, Parker told Zidler that she made millions of dollars by investing in NFTs and suggested that he do the same, guiding him to a trading platform.

Zidell decided to invest and stated that over the next few months, he transferred 43 transactions totaling more than $20 million to multiple bank accounts provided to him by the platform. The platform claims that due to the large scale of customer deposits, it needs to process these funds across multiple banks.

Source: Cointelegraph