Friday, March 29

Exchange sends 7 million in cryptocurrencies instead of refunding 67 euros and the client keeps the money



Receiving millions of dollars overnight can be the dream of many and this is what has happened to an Australian who will now have to face the consequences.

Imagine waking up one day to find $7 million in your cryptocurrency wallet without any sales or trades being made. It may seem like a completely fictitious story, but it has happened and now the user who has benefited from this story finds himself in a difficult situation.

To understand this kind of soap opera with virtual currencies, you have to have some basic knowledge. The first thing is that cryptocurrency transactions are final, if someone sends money to another person there is no going back and, therefore, it is important both to write the address of the wallet well and to know if it corresponds to the person.

In fact, it is not the first time that some person or groups of people take advantage of the operation of this type of situation to scam other users. But let’s go back to what happened with the Crypto.com exchange, which is the one that has lost out in this situation that is so strange to understand.

Crypto.com had to make a simple transaction, send 100 Australian dollars to Thevamanogari Mannivel. Instead of doing this and due to an error in the symbols, what happened is that the Australian received a whopping 10 million Australian dollars, which is equivalent to 7 million US dollars..

What happened is not recent, in fact, this situation occurred in May 2021. Why has it come to light now? Crypto.com discovered the error in an audit in December 2021starting with the paperwork to recover the money he mistakenly sent to Thevamanogari Mannivel, although they are not having it easy.

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In February 2022, Crypto.com obtained a freezing order for the Australian’s bank account, although they were surprised to find that much of the money had been spent or sent to other people. Thevamanogari Manivel bought a luxurious house which he later transferred to his sister.

The house has a value of 1.35 million Australian dollars, being a house located in one of the most popular neighborhoods in Melbourne. In addition, she sent money to her daughter who was met with an increase in her bank account balance when she saw 430,000 Australian dollars deposited from her mother.

What will happen? The High Court of Victoria in Australia has ruled that Thevamanogari Mannivel must repay the money he got by mistakeforcing the Australian to return the house purchased and, in addition, to have to offer 20% more due to the interests and costs that the company has had to face.

The truth is that it is curious that the company has not noticed such a large movement until an audit was carried out, making it clear that these types of transactions are made daily without alarms going off.. Cryptocurrencies and exchanges are not as reliable as they seem, and these mistakes are quite common.

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