The cryptocurrency exchange Crypto.com mistakenly deposited $10.5 million directly into a woman’s bank account when the platform only intended to give her a $100 refund. 50 bitcoins are transferred for the first time since the cryptocurrency was created.
According to 7news in Australia, a woman from Melbourne received the giant payment in May 2021, and several months later Crypto.com discovered her mistake.
“Remarkably, Claimants allegedly did not become aware of this material error until some 7 months later, in late December 2021”Victoria Supreme Court Justice James Elliott wrote in a court ruling.
The woman, Thevamanogari Manivel, is being sued by the cryptocurrency giant for her money back. The only problem: a part has already been spent.
Mannivel used $1.35 million of the funds to buy a five-bedroom house for his sister Thilagavathy Gangadory in Craigieburn, Australia.
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Crypto.com has since taken legal action against both sisters, with the luxury home ordered for sale, though further legal proceedings into the situation are scheduled to resume in October, according to the report.
Following the news, a Crypto.com representative told Decrypt that the situation is currently “before the courts” and would offer no further comment.
Crypto.com has come under fire from some crypto investors in the wake of its now-infamous commercial with Matt Damon titled “Fortune Favors the Brave.”
Since the announcement debut in October 2021, bitcoin prices are down almost 70% and ethereum prices have halved.
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