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A retail investor reports having invested $1.1 million into a crypto platform on the recommendation of an executive vice president at a major New York investment bank, with an expected balance of $20 million now in question. The case raises concerns about crypto investment scams and the role of trusted financial professionals in steering clients toward risky or fraudulent platforms. The story is emblematic of a wider pattern of crypto-related investment losses tied to purported insider recommendations, underscoring ongoing risks for retail investors in less-regulated digital asset markets.