In brief
- The investor ignored four separate, escalating scam alerts and demanded the exchange release her funds so she could buy Ethereum.
- Judge Lindsay LeBlanc said NDAX’s warnings “could not have been clearer.”
- The ruling arrives as Canada intensifies scrutiny of crypto platforms and compliance failures.
A British Columbia court has ruled that a crypto exchange was not at fault for a customer’s C$671,000 (US$480,000) loss to an online scam, despite repeated fraud warnings.
In a written judgment released Monday, Justice Lindsay LeBlanc of the BC Supreme Court dismissed the claim brought by Victoria resident Yan Li Xu against Calgary-based crypto exchange NDAX Canada, finding the platform had met its obligations after warning her…
