‍Court Rules User Responsible for C$671,000 Crypto Scam Loss Despite Exchange Warnings A British Columbia Supreme Court ruling has found a crypto exchange, NDAX Canada, not liable for a user's loss of C$671,000. The court emphasized that NDAX repeatedly warned the customer, Yan Li Xu, about the high risk of a scam. Despite explicit warnings, including a compliance officer stating she was "likely being scammed," Xu insisted on proceeding with the transfers to fund an investment scheme promising unrealistic daily returns. The court determined that NDAX fulfilled its obligations by providing clear, documented warnings, placing the ultimate responsibility for asset protection on the individual user. This case underscores the need for extreme caution and skepticism when engaging with digital assets and investment opportunities.

Cryptovka

Ignoring Crypto Scam Warnings: A C$671,000 Lesson in Personal Responsibility

The cryptocurrency landscape, while offering immense opportunities, is unfortunately also a fertile ground for sophisticated scams....