Major cryptocurrency trading platform Crypto.com accidentally sent a woman $10.5 million instead of the $100 refund she requested – and didn’t notice until seven months later.
Now the platform is trying to recover its money, $1.35 million of which the woman, Thevamanogari Manivel, used to buy her sister a home in the Melbourne suburb of Craigieburn.
The embarrassing set of circumstances was triggered by a clerical error, according to the judgement, “after an account number was accidentally entered into the payment amount field”.
Just like that, Crypto.com transferred the amount of $10,474,143 into Manivel’s Commonwealth Bank account and didn’t notice until an audit just before Christmas last year.
Crypto.com is a major sponsor of the Australian Football League (AFL) and is partnering with a local service station chain to bring cryptocurrency payments to everyday purchases.
