Crypto-asset trading platform Crypto.com, known in particular for being backed by actor Matt Damon and as one of the sponsors of the Los Angeles Lakers, has suffered a (big) downturn. Coincidentally, the site transferred over A$10.5 million (approximately €7.1 million) to an Australian customer who originally requested a refund of…$100 – approximately €68.
At the heart of this gigantic error is an unfortunate typo when writing the amount in May 2021. The employee accidentally typed the account number in the field dedicated to the amount of the payment. Australian media outlet 7News, for its part, would have learned that the bug would not have been noticed by the site until seven months later, during a review in December 2021.
In the meantime, some of the money has been withdrawn from Thevamanogari Manivel, the client beneficiary of this bug. The latter would notably deposit into her account and then spend A$1.3 million (nearly €900,000) to purchase a luxury five-bedroom home for her sister.
Crypto.com has since taken legal action against the two Manivel sisters in the Supreme Court of Victoria. The Guardian informs us that the client’s account was frozen last February. The court ordered Manivel to sell the newly bought house in order to return the money to the company with interest.
The case will be reopened in court next October. Crypto.com declined to comment on the situation.
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