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Bank of America Faces Legal Scrutiny Over Epstein Ties

Bank of America Faces Legal Scrutiny Over Epstein Ties

Author:

Global Cryptocurrency

Published:

2025-10-17 00:38:03

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BTCCSquare news:

Bank of America (BAC) shares dipped 0.11% in after-hours trading as new lawsuits allege the financial institution maintained ties with Jeffrey Epstein's sex trafficking operation. The federal class-action suits claim BofA and Bank of New York Mellon (BK) failed to report suspicious activity while providing financial services to Epstein's network.

Legal risks overshadow traditional finance institutions as crypto markets remain uncorrelated. No direct cryptocurrency exposure was identified in the Epstein-linked banking controversy, though regulatory scrutiny of legacy systems may indirectly bolster decentralized finance narratives.

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