Crypto.com has made claims against eight persons after it accidentally transferred more than $7 million to a customer’s account in May 2021. Court document shows that a Thevamanogari Manivel, a customer of Crypto.com, “accidentally” received the huge amount.
In an effort to recover the funds, the crypto exchange is suing the customer. Crypto.com said that instead of refunding AUD 100 as intended, $10,474,143 was erroneously transferred to Manivel after an account number was accidentally entered into the payment amount field. The court document highlighted that the plaintiffs allegedly did not come to know of the “significant error” until about seven months later – in December 2021.
Crypto.com realized its “huge error” when an audit was conducted in December 2021. As such, it filed a lawsuit against the customer and related parties to recover the transferred funds. The Australian Supreme Court of Victoria, in a judgment, said Manviel disbursed AUD 10,100,000 to an account held jointly with another defendant in May 2021 after having received AUD 10.47 million from Crypto.com. She transferred AUD 430,000, on January 31, from the joint account to her daughter Raveena Vijian. The customer allegedly used the money erroneously sent to her to purchase a $1.35 million house in Melbourne. Manviel allegedly transferred ownership to Thilagavathy Gangadory – a different defendant.
Her sister, Gangadory who resides in Malaysia, became the registered proprietor of the property on February 21, 2022. The crypto exchange tried to freeze Gangadory’s bank accounts in March but proved unsuccessful. As such, the court in its judgment ordered Gangadory to pay the crypto firm $1.35 million, sell the property and pay interest from March 1 to the date of the judgment.
