Crypto.com mistakenly transferred $10.5 million to a client instead of $100

The management of Australia's leading cryptocurrency exchange Crypto.com is trying to correct a mistake made a year ago. In May 2021, the exchange transferred $10.5 million to its client instead of the required hundred dollars. It took the company seven months to discover the major miscalculation.

It turned out that inattention by the platform's operations staff was to blame. While entering the employee mixed up the account number and the transfer amount. Because of this, the Australian Tevamanogari Manivel received from the company the sum of 105 thousand times more than she had expected, and unexpectedly for all became a millionaire.

Only after 7 months Crypto.com noticed the mistake. During that time, Ms. Manivel managed to buy an expensive mansion for $1.35 million. She distributed the rest of the funds between accounts, one of which belongs to her daughter. The management of the exchange decided to appeal to the Australian Supreme Court to seize the woman's lost money.

The court sided with the company, but it was not able to execute the decision. The reason was Manivel's move to Malaysia, which allowed her to avoid the instant loss of her money. However, the cryptocurrency exchange does not intend to put up with the losses and will continue to demand a refund from the woman.
Interview

30-08-2022

Brooke Greene

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