Deep Tide TechFlow News, on July 4th, according to Cointelegraph, cryptocurrency romance scam victim Michael Ziedel has recently filed lawsuits against Citibank, East West Bank, and Cathay Bank, accusing these financial institutions of failing to detect obvious red flags when he transferred over $20 million to the scammers' accounts. It is reported that Ziedel met a woman claiming to be 'Caroline Parker' through Facebook at the beginning of 2023, and was later induced to invest in an NFT project, making 43 large transfers to multiple bank accounts. The lawsuit claims that these banks 'turned a blind eye to their statutory duties,' failing to monitor and halt suspicious transactions, and seeks to hold the banks accountable for 'aiding and abetting securities fraud' and 'aiding and abetting elder abuse.'