Prosecutor demands jail for Crypto.com user who received $6.8M by mistake

Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.

Buy physical gold and silver online

Australian prosecutors are reportedly advocating a prison sentence for a Crypto.com user who accidentally received nearly $7 million USD and spent most of it before the exchange discovered the internal error made three years ago.

In May 2021, Crypto.com sent $6.86 million (10.47 million AUD) to Australian couple Thevamanogari Manivel and Jatinder Singh instead of a $100 refund, after an employee allegedly typed an account number into the payment section of an Excel spreadsheet.

However, the exchange detected that the bank account did not match the exchange account. Therefore, a refund was issued, but instead of refunding the 100 AUD that the couple tried to put in, the exchange mistakenly sent 10.5 million AU$ to Manivel’s bank account.

Read more

About the author

Why invest in physical gold and silver?
文 » A