The popular cryptocurrency exchange won a legal battle after accidentally sending $12 million to a user.
Crypto.com sent a user $12 million instead of $112. Realizing this mistake 7 months later, the company started a legal fight after noticing the transaction.
Crypto.com Wins Legal Challenge
The incident that happened to Crypto.com, one of the highest-volume cryptocurrency exchanges, was noticed 7 months later. The company, which made a 12 million dollar wrong transfer transaction in May 2021, noticed the error during a routine audit in December 2021 and started its legal fight in February 2022.
Thevamanogari Lever Although approximately 12 million dollars were sent to the user, it turned out that the user bought a house in Melbourne with $ 1.4 million of this money. Manivel’s account was frozen, it was learned that the rest of the money was transferred to the accounts of his daughter and brother. Also the owner of the house in Melvourne is living in Malaysia. gangadoryWhen it was transferred to , a struggle was started to freeze this person’s accounts and sell the house.
Judge in the case James Elliott ordered that all the money be returned to Crypto.com with interest and to cover the cost. It was learned that he wanted the house to be sold as soon as possible.
