Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.
Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million
The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021.
The crypto firm made claims against eight defendants, including Thevamanogari Manivel, the Crypto.com customer whose account received the AUD$10.47 million in error. The court document shows that in May last year:
Instead of refunding $100 [Australian dollars] as intended, $10,474,143 was erroneously transferred … to Manivel after an account number was accidentally entered into the payment amount field.
“Extraordinarily, the plaintiffs allegedly did not realize this...
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