Couple mistakenly receives nearly $8 million from Crypto.com and ends up in court

In May 2021, the platform mistakenly transferred A$10.5 million (about $8 million at the time) instead of $100 to Thevamanogari Manivel, a Melbourne woman.

The saga between Crypto.com and Thevamanogari Manivel continues. As a reminder, in May 2021, an employee of the cryptocurrency exchange Crypto.com transferred 10.5 million Australian dollars (or approximately 8 million US dollars at the exchange rate at the time) instead of 100 dollars to Thevamanogari Mannivel, a Melbourne woman.

This Tuesday, Thevamanogari Manivel and his companion Jatinder Singh appeared from prison before the reports of the Melbourne Criminal Court. The Guardian, following a lawsuit filed by Crypto.com. In their defense, the couple indicated that they believed that the money received came from a contest.

“Jatinder Singh would have thought he won the money after receiving a notification from the Crypto.com app about a contest. This is also what he told Thevamanogari Manivel,” it read.

a typo

As a reminder, Thevamanogari Manivel, a Melbourne woman, requested a $100 refund in May 2021. But a Crypto.com employee accidentally entered this user’s account number into an Excel file (more precisely this number: 10,474 .143.00) in the payment amount field.

As a result, Thevamanogari Manivel received a much better sum… while avoiding notifying the cryptocurrency exchange. This sum was first sent to a payment provider in Australia before being transferred to a Commonwealth Bank Thevamanogari Manivel account. While the sum is still substantial, this error was only discovered by Crypto.com seven months after the transfer, during an audit in late December 2021.

Since then, Crypto.com has taken legal action to recover the funds, when a good part of the money had already been spent.

$3 million unpaid

Indeed, with this money raised, the couple took the opportunity to buy four houses and transferred 4 million dollars to a Malaysian bank account.

“Since then, most of the money has been returned, but approximately $3 million remains unpaid, and a civil action is underway to freeze the properties and recover the money from relatives,” it reports. The Guardian.

So far, Thevamanogari Manvela has pleaded not guilty to three charges, including robbing the Commonwealth Bank to withdraw the money.

Thevamanogari Manivel was arrested at Melbourne airport in March while trying to fly to Malaysia with $11,000 in cash.

Up to 20 years in prison

“Mannivel has been detained since his arrest more than six months ago and is at risk of spending another year behind bars before the start of the trial,” said his lawyer, Ms Willard.

A new hearing is scheduled for November 8 at the Victoria County Court. The two face up to 20 years in prison each if convicted of stealing money from the Commonwealth Bank, an article in the online mail.

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