Crypto.com also sought to take legal action against the women. The company appealed to the Australian court.
In a rather hilarious incident that took place in May 2021, a Crypto.com employee mistakenly transferred $10.5 million worth of funds to a user’s bank account. While the error was committed in May, it was not identified before six months in December 2021.
As surprising as it sounds, Manivel Thevamanogari and her sister Gangadory Thevamanogari, two sisters from Melbourne, Australia, one day found AUD 10.5M deposited from one of the most popular cryptocurrency exchanges across the globe, Crypto.com. Instead of initiating a refund of $100, the company employee typed an account number in the payment segment, which led to a faulty transaction to their bank account.
Ever since the sisters received the hefty sum from the crypto exchange, both of them have gone on a gigantic spending spree. According to the local news broadcaster 7News, the company is now trying hard to retrieve its funds but the sisters have already spent massive fractions of the money and are unable to pay it back.
Crypto.com also sought to take legal action against the women. The company appealed to the Australian court. According to the news, Manivel wired about $10.1M and $400,000 into two different accounts. Allegedly, a large amount of money was taken out of the two accounts to buy a lavish house worth over $1.35M in Craigieburn, a Melbourne suburb. The five-bedroom sprawling villa was bought for one of the sisters Gangadory.
Crypto.com has been securing win-after-win in the court battle against the Thevamanogaris and has been guaranteed an order from Victoria’s Supreme Court under which the new million dollar house bought by the sisters is to be put on sale again. The money received from the trade will be used to pay back to the crypto exchange. The next hearing for the same is to be held in October. The sisters were warned that if they failed to pay the funds back, they would most likely be met with contempt of court allegations.
Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.
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