Exterior of Crypto.com Arena in Los Angeles, CA on January 26, 2022.
Rich Fury | Getty Images
It took 7 months to complete Supporting Matt Damon Crypto.com discovered that an Australian woman accidentally transferred $10.5 million (approximately $7.1 million at the current exchange rate) instead of the AU$100 refund she requested. Cryptocurrency trading platforms are now eyeing her Melbourne-based Thevamanogari Manivel and her sister Thilagavathy. gangadry, To get that money back, along with 10% interest and legal fees.
court documents In May 2021, an employee of a Singapore-based trading platform mistakenly entered an account number in the payment amount field. Crypto.com, conducting a routine audit, discovered in December 2021 that he had mistakenly transferred millions of dollars to Manibel.
According to filings, Manivel has spent about A$1.35 million on the property in accidental windfall.
Cryptocurrency transactions are irreversible, but centralized platforms can theoretically reverse payments in the event of fraud or error. But in this case, the company did not discover the error until seven months after some of the funds were allegedly transferred or used. I persuaded him.
A judge ruled in Crypto.com’s favor and the case will return to court in October, where the judge will decide on the next steps in the case.
This suit comes at a difficult time for the platform. in June, The company laid off 260 employees.or 5% of its employees, and Reportedly underwent a second round of aggressive cutsAcross the board, crypto companies are looking for ways for investors to cut costs away from the riskiest assets, driving down trading volumes.
Both Bitcoin and Ethereum have fallen more than 58% this year, Crypto Market Drops Below $1 Trilliondown from its November 2021 peak of $3 trillion.
Crypto.com, on the other hand, faces large ongoing payments, including: $700 million multi-year naming rights agreement Head to the Staples Center in Los Angeles, home of the Lakers and WNBA’s Sparks.
In an email to CNBC, Crypto.com said, “We are unable to comment as the matter is in court.”