New York sues Zelle: "Users Lost More Than $1 Billion While Zelle Operator Controlled by Major Banks Knew the Platform Was Vulnerable to Scammers"
New York sues Zelle: "Users Lost More Than $1 Billion While Zelle Operator Controlled by Major Banks Knew the Platform Was Vulnerable to Scammers"
ag.ny.gov
Attorney General James Sues Company Behind Zelle for Enabling Widespread Fraud
Not surprising. It honestly seemed like Zelle's entire idea of anti-scam processes was to shift the blame for a complete lack of protections by telling the users "know who you're sending money to, and verify the email/phone number".