Technology

This company mistakenly paid a client $10.5 million.

Good dumpling. The Crypto.com platform accidentally transferred $10.5 million to one of its users residing in Australia in June 2021. The cryptocurrency trading company realized this only seven months later, last December.

The original transaction was a simple $100 refund to the Australian, according to The Guardian. But the user’s account number was erroneously entered in the “amount” field at the time of the transfer. The beneficiary apparently did not respond and transferred the money to other bank accounts.

She buys herself a house

Crypto.com filed a lawsuit to recover the amount. In February 2022, the company succeeded in freezing the account to which the money was sent. Subsequently, other user accounts were frozen. Meanwhile, the latter still bought a house for more than a million dollars in the north of Melbourne.

An Australian court has demanded that the property be resold as soon as possible in order to reimburse Crypto.com. In anticipation of a full refund, the user will have to pay more than $27,000 in interest.

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