• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$22,852.00-2.33%
    BITCOIN
    24H : -2.33%
    Volume : $29,525,291,670.00
    Marketcap : $440,724,018,011.00
  • ethereumEthereum(ETH)$1,631.74-2.31%
    ETHEREUM
    24H : -2.31%
    Volume : $8,569,030,140.00
    Marketcap : $196,706,457,400.00
  • usdex-stablecoinUSDEX(USDEX)$1.08-0.31%
    USDEX
    24H : -0.31%
    Volume : $128,575.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$0.999-0.07%
    TETHER
    24H : -0.07%
    Volume : $39,357,422,742.00
    Marketcap : $68,035,238,908.00
  • binancecoinBNB(BNB)$325.48-3.18%
    BNB
    24H : -3.18%
    Volume : $743,503,194.00
    Marketcap : $43,924,884,747.00
  • usd-coinUSD Coin(USDC)$1.0000.050%
    USD COIN
    24H : 0.050%
    Volume : $2,867,299,559.00
    Marketcap : $41,978,965,959.00
  • rippleXRP(XRP)$0.399-3.09%
    XRP
    24H : -3.09%
    Volume : $1,054,979,798.00
    Marketcap : $20,254,324,354.00
  • binance-usdBinance USD(BUSD)$1.000-0.01%
    BINANCE USD
    24H : -0.01%
    Volume : $9,699,699,031.00
    Marketcap : $16,261,103,610.00
  • cardanoCardano(ADA)$0.393-2.07%
    CARDANO
    24H : -2.07%
    Volume : $386,412,862.00
    Marketcap : $13,785,551,533.00
  • dogecoinDogecoin(DOGE)$0.092-4.01%
    DOGECOIN
    24H : -4.01%
    Volume : $885,940,220.00
    Marketcap : $12,758,851,367.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Crypto.com exchange accidentally transferred $10.5 million to costumers instead of $100 refund


September 4, 2022 · By MATheGooner
Crypto.com Coin (CRO)

According to court filings, the beneficiary bought a lavish mansion with some of the money after receiving it.

Local news source 7News reports that Singaporean cryptocurrency exchange Crypto.com made a mistake and accidentally refunded two Melbourne ladies, Manivel Thevamanogari and her sister Gangadory Thevamanogari, an amount of AUD$10.5 million.

An employee allegedly entered an account number in place of the refund amount in the payment section, which caused an incorrect transfer to their bank account.

The incident happened in May 2021, but it wasn’t detected until a December 2021 yearly audit. The cash must now be given back to the business, the Victoria Supreme Court ordered following the filing of a case.

It turns out, though, that Manivel has spent AUD$1.35 million of the money on a five-bedroom luxury house in Craigieburn. She was given the go-ahead to sell the property and refund the money or risk being charged with contempt of court. In October, the case will be heard in court again.

Justin Lawrence from Henderson and Ball Lawyers commented on the matter as follows:

“There’s no doubt that if you saw that in your account, you would know it shouldn’t be there, and the onus is actually on you to call the sender and say, look, that shouldn’t have come into my account.”

Centralized financial institutions have the ability to undo mistakes in transactions, in contrast to crypto transactions, which are final and irreversible. 

The funds from Crypto.com were transferred out of the original account after the receipt, thus a straightforward transaction reversal would not have been possible in this case given the time it took to realize the error and the timing of the transfer.

Primary Sidebar

LATEST NEWS

Australia scheduled to release plans to regulate cryptocurrencies in the country

February 4, 2023

Binance severs ties with Indian cryptocurrency exchange WazirX

February 3, 2023

Former Bank of China advisor urges China to rethink its ban on cryptocurrencies

February 2, 2023

Federal judge forbids SBF from using Signal to contact FTX and Alameda staff

February 1, 2023

Tesla posts a $140 million bitcoin net loss in 2022

January 31, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Research shows London is the commercial city that is the most geared for cryptocurrencies February 5, 2023
  • Australia scheduled to release plans to regulate cryptocurrencies in the country February 4, 2023
  • Binance severs ties with Indian cryptocurrency exchange WazirX February 3, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) COTI (COTI) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in