How much is Crypto.com making if they didn’t notice they had $10 million missing for seven months?
In my opinion, if you give me $10 million and don’t ask for it back until seven months later, you must want me to have the money.
I think the woman should be able to keep it and the mansions she bought with the money. If they wanted their money back, they should have hit her up the same day or at least within 48 hours. Please don’t come to me seven months later talking about you made a mistake.
She should fight this tooth and nail in court.
She has the money to do so.
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.
According to 7news in Australia, a Melbourne woman received the giant payment back in May 2021, and several months later, Crypto.com discovered its error.
“Extraordinarily, the Plaintiffs allegedly did not realize this significant error until some seven months later, in late December 2021,” the Victorian Supreme Court judge James Elliott wrote in a court ruling.
The woman, Thevamanogari Manivel, is being sued by the crypto giant for its money back. The only problem: some of it has already been spent.
Manivel used $1.35 million of the funds to purchase a five-bedroom home for her sister Thilagavathy Gangadory in Craigieburn, Australia.
Crypto.com has since taken legal action against both sisters, and the luxury home has been ordered to be sold, although other legal proceedings regarding the situation are scheduled to resume in October, the report says.
Following the news, a Crypto.com representative told Decrypt the situation is currently “before the courts” and would not offer comment further.
Crypto.com has come under fire by some crypto investors in the wake of its now-infamous commercial featuring Matt Damon titled “Fortune Favors the Brave.” Since the ad’s debut in Oct. 2021, prices for bitcoin are down nearly 70%, and ethereum prices have been cut in half.
The thing about Crypto is if you got in early and cashed out, you are in good shape, but I’d be leery putting all your savings in now that everyone is aware of it.
Flip the page for more of what the woman did with her $100 million.