Sunday, November 27, 2022
 

Crypto.com Realizes They’ve Refunded $10M Instead of $100

  • Crypto.com mistakenly sends $10M to a woman they intended to send $100 to.
  • The woman had already spent a million of the money before Crypto.com realized the mistake.
  • Crypto.com has sued the woman and her sister.

According to a report by Herald Sun, Crypto.com, one of the most well-known cryptocurrency platforms in the world, made a serious error when it repaid more than $10 million to a lady to whom they only intended to give $100. It took the company seven months to discover that they had made a mistake.

However, when Crypto.com attempted to get its money back, $1.35 million had already been spent on a lavish mansion with five bedrooms, and the remaining funds had been transferred to other accounts. The company has thus decided to file a lawsuit against the lady in question, Thevamanogari Manivel, as well as her sister, Thilagavathy Gangadory.

Crypto.com placed freezing orders against Manivel’s bank account back in February. However, court documents show that $10.1 million had already been moved to a different joint account, and $430,000 had been transferred to her daughter, Raveena Vijian. Both of these transactions occurred before the freezing orders were made.

The property’s registration was also moved to Gangadory’s name, who is located in Malaysia, before Crypto.com was able to have freezing orders issued on her accounts in March.

The court was made aware that she was obtaining legal counsel and that her attorneys would be getting in touch with them, but neither she nor they showed up in court for the trial. Given that Ms. Gangadory did not have legal representation throughout the proceedings, Justice Elliott, the judge in charge of the case, stated: “References to the facts of this case based on such uncontested evidence are necessarily open to challenge if Gangadory ever seeks to set aside the default judgment.”

  • Crypto.com mistakenly sends $10M to a woman they intended to send $100 to.
  • The woman had already spent a million of the money before Crypto.com realized the mistake.
  • Crypto.com has sued the woman and her sister.

According to a report by Herald Sun, Crypto.com, one of the most well-known cryptocurrency platforms in the world, made a serious error when it repaid more than $10 million to a lady to whom they only intended to give $100. It took the company seven months to discover that they had made a mistake.

However, when Crypto.com attempted to get its money back, $1.35 million had already been spent on a lavish mansion with five bedrooms, and the remaining funds had been transferred to other accounts. The company has thus decided to file a lawsuit against the lady in question, Thevamanogari Manivel, as well as her sister, Thilagavathy Gangadory.

Crypto.com placed freezing orders against Manivel’s bank account back in February. However, court documents show that $10.1 million had already been moved to a different joint account, and $430,000 had been transferred to her daughter, Raveena Vijian. Both of these transactions occurred before the freezing orders were made.

The property’s registration was also moved to Gangadory’s name, who is located in Malaysia, before Crypto.com was able to have freezing orders issued on her accounts in March.

The court was made aware that she was obtaining legal counsel and that her attorneys would be getting in touch with them, but neither she nor they showed up in court for the trial. Given that Ms. Gangadory did not have legal representation throughout the proceedings, Justice Elliott, the judge in charge of the case, stated: “References to the facts of this case based on such uncontested evidence are necessarily open to challenge if Gangadory ever seeks to set aside the default judgment.”

 

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