Due to a clerical error, Crypto.com sent $10.5 million straight into a woman’s bank account, although the firm had simply planned to pay her a refund of $100.
According to 7news in Australia, a lady from Melbourne was the recipient of the massive payment in May 2021, and it wasn’t until many months later that Crypto.com realized it had made a mistake.
“Extraordinarily, the Plaintiffs allegedly did not realize this significant error until some seven months later, in late December 2021,” judge James Elliott of the Victorian Supreme Court wrote in a ruling.
The crypto giant has filed a lawsuit against the lady, whose name is Thevamanogari Manivel, to reclaim its funds. The one and only catch is that a portion of it has already been spent… And this is the kicker..
Manivel put $1.35 million of the proceeds toward the purchase of a house in Craigieburn, Australia, for her sister Thilagavathy Gangadory. The house has five bedrooms.
According to the report, Crypto.com has subsequently launched legal action against both sisters, and they have been ordered to sell their luxurious property. However, further court processes related the incident are due to begin in October.
In response to the report, a spokesperson from Crypto.com said to Decrypt that the matter is presently “before the courts,” and the representative declined to make any more comments.
Following the release of Crypto.com’s now-famous advertisement starring Matt Damon titled “Fortune Favors the Brave,” several investors in cryptocurrencies have voiced their disapproval of the company. Since the advertisement was first released in October 2021, prices for bitcoin and ethereum have fallen by around 70% and 50%, respectively.
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