Crypto.com sent $10.5 Million instead of a $100 Refund

One of the top crypto trading platforms Crypto.com accidentally sent $10.5 million to a woman named Ms. Manivel in Melbourne Australia. Apparently, this error occurred when the company was trying to refund $100 back in May 2021 as requested by the women. The platform mistakenly entered a much higher amount instead of a mere $100.

crypto.com-australia-refund

The error was uncovered in a company audit 7 months later just before last Christmas. Ms. Manivel has already spent $1.35 million on a luxury five-bedroom house as a gift for her sister and moved the remaining payment into different accounts. 

The company has undertaken legal action against Thevamanogari Manivel and her sister Thilagavathy Gangadory to retrieve the money. Victoria’s Supreme Court judge ordered the luxury home to be sold and ordered Manivel to pay $1.35 million back to Crypto.com.

Also read, Cryptocom signs agreement to operate under Canadas securities commision

However, Crypto.com is not the sole company to have mistakenly sent millions of dollars worth of funds to its user.

BlockFi also faced a similar situation after it mistakenly deposited millions of dollars worth of Bitcoin to a few user accounts. It all started when the CeFi crypto lender directed a trading promo in March last year, wherein qualified users would receive a bonus on the crypto they dealt during the same period. The terms also conveyed that the users would acquire their bonuses by May end. But, due to a payment error, a small number of user accounts of them acquired much bigger bonuses than predicted. Reports of BlockFi threatening those clients with legal action appeared soon after the incident.


Hungry for more information?

NFT Calendar from NFTHi

Check out the Latest NFT News!

For more interesting updates on NFTs, connect with NFTHI on Twitter and Instagram.

Join us on Telegram!


NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.

Conduct thorough research before you start with NFTs

Share This Post

Related Posts

Google Cloud reveals Blockchain Node Engine and also became Solana Validator

Google Cloud informed in a tweet that it’s now...

UK government brings in a bill for the fight against Crimes relating to Cryptocurrency

On Thursday, The British government presented the Economic Crime...

FTX rope in former CFTC Commissioner as Board Member

Jill Sommers, who once served as a commissioner at...

VEVe Announces Patrick Hughes’ REVERSPECTIVE NFT Collection Launch

On April 30th, Patrick Hughes, an artist known for...

150 people get Dubai Police NFT Collection for free

Out of 22.9 million people from around the world...

MeetsMeta launches NFT Passports on OpenSea

NFT holders have the option of sponsoring a player...
spot_img