A man in the United States is suing Citibank for negligence after falling victim to a $20 million eyewash involving NFTs.

On June 26, a man in the United States sued Citibank, claiming that it failed to stop a $20 million encryption “Pig-butchering scams.” The plaintiff stated that he met the fraudulent identity scammer through social media and lost funds after investing in the NFT platform “OpenrarityPro.” Citibank is accused of processing 12 suspicious transfers totaling about $4 million without identifying risk signals. The lawsuit claims that the bank was seriously negligent in monitoring and reviewing. The case has been filed in the federal court in Manhattan, New York.