For a woman in Australia — who faced that scenario last year after the cryptocurrency platform Crypto.com mistakenly transferred 10.5 million Australian dollars ($7.2 million) to her bank account — the answer was: Buy a mansion.
Now, a judge in southeastern Australia has ordered the sale of the property — which the woman apparently bought as a gift for her sister who lives overseas — and awarded all proceeds from the sale to the crypto company.
The cautionary tale has attracted international attention, particularly since it emerged that it took seven months for Crypto.com to notice the error.
Katie Gregory, a spokeswoman for Crypto.com, wrote that the company could not comment “as the matter is before the courts.”
Crypto.com is best known outside the cryptocurrency world as the company whose name now adorns the former Staples Center in Los Angeles — and for Super Bowl commercials featuring actor Matt Damon and basketball star LeBron James that frame cryptocurrency investors as...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...