Cryptocurrency mistakenly transferred $10.5 Million to a client instead of $100

Avatar Written by Techjuice Team ·  1 min read >
Crypto mistakenly transferred to a client instead of $100, and they discovered this mistake while doing an annual audit. Now, Crypto is struggling to get that money back because it happened a long time ago. The same cryptocurrency exchange platform hired Hollywood celebrity Matt Damon, for their Super Bowl advertisement.

Two women Manivel Thevamanogari and her sister Gangadory Thevamanogari from Melbourne, Australia, got an AUD$10.5 million deposit from Singaporean crypto exchange This incident occurred when the employee made a mistake. The employee made an error in issuing an AUD$100 refund upon the woman’s request.

Therefore, instead of typing the refund amount, the employee typed an account number in the payment section, which resulted in the transfer of $10.5 Million to the woman’s account., which operates in Foris GFS in Australia with the court’s help, got permission to freeze Manivel’s account.

Though, Manivel had already transferred some of the money to her sister Thilagavathy Gagadory who lives in Malaysia. Furthermore, she used $1.35 Million to purchase a luxury mansion in Cragieburn, Melbourne, which has four bedrooms, and Manivel made her sister owner of that.

Hence when the company took legal action, Victoria Supreme Court announced that the company must get its funds back. Manivel can sell the property and give the remaining funds, or she will face horrible consequences in court.

However, the company can still not freeze Manivel’s accounts, and Crypto’s solicitors are still trying to contact her. The company sent an email to her solicitors, to which the response was just “Received, Thanks,” and they declared that she was taking legal advice. Now she has to pay $27,369.64, which includes interest.

An average person will become startled after seeing such an immense amount of money in their account. Likewise, they will realize it must not be here and try to look for ways to return it. Most probably, such a person will contact the sender and ask them if they can send it back to you because it is not mine.

But Manivel did not do that and used that money to turn her dreams into reality. Undoubtedly, ordinary people cannot change crypto transactions. Only centralized financial institutions can resolve any significant errors like this. Considering the time it took to discover this error and the money transferred from the original account, a transaction reversal is impossible. Currently, only the court can help get its money back since the woman has no plan of returning it herself.

The case is still in court, and the hearing is in October. Meanwhile, has refused to comment on this issue. It looks forward to the court resolving their case and getting their money back.

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