{"id":52703,"date":"2025-10-24T09:33:57","date_gmt":"2025-10-24T02:33:57","guid":{"rendered":"https:\/\/hbbgroup.net\/woman-repeatedly-warned-by-canadian-exchange-not-to-transfer-crypto-gets-scammed-anyway\/"},"modified":"2025-10-24T09:33:57","modified_gmt":"2025-10-24T02:33:57","slug":"woman-repeatedly-warned-by-canadian-exchange-not-to-transfer-crypto-gets-scammed-anyway","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/woman-repeatedly-warned-by-canadian-exchange-not-to-transfer-crypto-gets-scammed-anyway\/","title":{"rendered":"Woman Repeatedly Warned by Canadian Exchange Not to Transfer Crypto, Gets Scammed Anyway"},"content":{"rendered":"<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>The investor ignored four separate, escalating scam alerts and demanded the exchange release her funds so she could buy Ethereum.<\/li>\n<li>Judge Lindsay LeBlanc said NDAX\u2019s warnings \u201ccould not have been clearer.\u201d<\/li>\n<li>The ruling arrives as Canada intensifies scrutiny of crypto platforms and compliance failures.<\/li>\n<\/ul>\n<\/div>\n<p><span>A British Columbia court has ruled that a crypto exchange was not at fault for a customer\u2019s C$671,000 (US$480,000) loss to an online scam, despite repeated fraud warnings.<\/span><\/p>\n<p><span>In a written <\/span><a href=\"https:\/\/www.bccourts.ca\/jdb-txt\/sc\/25\/20\/2025BCSC2048.htm\" target=\"_blank\" rel=\"nofollow external noopener\"><span>judgment<\/span><\/a><span> 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 four times that she was likely being defrauded.<\/span><\/p>\n<p><span>While the Xu\u2019s losses are \u201cregrettable,\u201d Judge LeBlanc \u201cfound no liability rests\u201d with NDAX Canada, which she noted was registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).<\/span><\/p>\n<p><span>The crypto exchange\u2019s warnings to Xu \u201ccould not have been clearer,\u201d Judge LeBlanc added.<\/span><\/p>\n<p><span>Court facts found that Xu, working as an accountant in Victoria, opened an NDAX account on April 10, 2023, after being persuaded by an online acquaintance to invest in a scheme promising returns of up to 1% per day.\u00a0<\/span><\/p>\n<p><span>To fund the investment, she remortgaged her home and borrowed money from a friend, then deposited C$671,000 into her account between April 11 and May 17, 2023, using the money to buy Ethereum.<\/span><\/p>\n<p><span>On April 18 of the same year, an NDAX employee contacted Xu seeking further information on the withdrawal and warned that the \u201ctransaction exhibited risk factors\u201d and would be escalated for review.\u00a0<\/span><\/p>\n<p><span>The call, which was recorded, was later referenced in court. The judgment did not disclose details of said Ethereum transaction.<\/span><\/p>\n<p><span>Following the call, Xu sent several emails to NDAX demanding to \u201cproceed with the withdrawal without delay,\u201d the judgment findings show. Xu\u2019s tone later became increasingly insistent, and she warned that she might pursue legal action if the company did not comply.<\/span><\/p>\n<p><span>When Xu tried to transfer the crypto to an external wallet, NDAX issued a series of escalating warnings.<\/span><\/p>\n<p><span>The crypto exchange provided a written risk disclosure, a secondary confirmation notice, and two follow-up phone calls, with one of them from compliance officer Julia Baranovskaya explicitly warning that she was likely \u201cbeing scammed.\u201d<\/span><\/p>\n<p><span>NDAX then processed her instructions, and the amounts in Ethereum were transferred to the scammer\u2019s wallet and lost.<\/span><\/p>\n<p><span>Xu\u2019s case comes as Canada steps up enforcement around crypto-related compliance failures.\u00a0<\/span><\/p>\n<p><span>Earlier this week, the country\u2019s financial intelligence agency imposed a record C$176.9 million fine on a Vancouver-based crypto platform for violating anti-money laundering laws, citing thousands of unreported suspicious transactions tied to child exploitation, ransomware, and sanctions evasion.<\/span><\/p>\n<p><span>To date, that penalty is the largest ever imposed on a crypto company registered in Canada.<\/span><\/p>\n<p><i><span>Decrypt<\/span><\/i><span> reached out to the British Columbia court and NDAX Canada for additional comment and possible details of the transaction. Efforts were made to reach out to Xu through her legal representatives.<\/span><\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In brief The investor ignored four separate, escalating scam alerts and demanded the exchange release her funds so she could [&hellip;]<\/p>","protected":false},"author":5,"featured_media":52704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-52703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/52703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=52703"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/52703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/52704"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=52703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=52703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=52703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}