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Showing posts from September, 2022

Crypto Review - Understanding Crypto.com's $7.2 Million Typo

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  After 15 months, Crypto.Com is trying to get its money back. Key points Crypto.Com accidentally paid a customer over $7 million and didn't notice the mistake for seven months. The judge ordered the customer to repay the money as well as interest and court costs. If a crypto exchange makes an error in your favor, report the issue -- the money is not yours to keep. Popular cryptocurrency exchange Crypto.Com is taking legal action against a customer in Australia who kept the $7.2 million that was accidentally deposited into her account. It seems that a Crypto.Com employee unintentionally typed an account number instead of an amount into the transfer field. As a result, Thevamanogari Manivel received around $7.2 million instead of the intended $68. Manivel kept the money and Crypto.Com is trying to recover the funds plus interest and legal costs. Anyone seen my millions? The challenge for Crypto.Com is that it was seven months before anyone noticed the mistake. The accidental payment