Crypto company accidentally pays $10.5 million to a woman instead of $100 refund

When you hit the jackpot- or don't.
Deniz Yildiran
Australian dollars (AUD)
Australian Dollars (AUD)

iStock/ MarioGuti

Imagine receiving $10.5 million while expecting a $100 refund to be transferred to your bank account and no one, except you, recognizes it until seven months have passed.

That's recently what happened in Melbourne, Australia when a cryptocurrency company bestowed a fortune to a woman, initially reported by 7NEWS. Back in May 2021, Crypto.com, one of the world’s largest cryptocurrency trading platforms, transferred the amount to Thevamanogari Manivel. Upon receiving the money, Manivel and her sister Thilagavathy Gangadory started spending it like greased lightning.

In 2021, the mistake had been unrevealed during an audit; the company launched legal action in early 2022, and the Victoria Supreme Court suspended Manivel's bank account in February, Business Insider reported.

A fortune to be spent

It was then revealed that Manivel transferred $10.1 million into a joint account, and bought a $1.35m luxury five-bedroom house in Craigieburn for her sister in February 2022. However, the court ordered the house to be sold, and the money returned to the cryptocurrency company.

According to The Guardian, the court couldn't reach Manivel's sister, who currently lives in Malaysia, to serve her the freezing orders as she doesn't reply to emails from the company's solicitors, while Manivel's solicitors notified the company that her sister was "seeking legal advice."

“There’s no doubt that if you saw that in your account you would know it shouldn’t be there, and the onus is actually on you to actually call the sender and to say look that shouldn’t have come into my account,” Justin Lawrence from Henderson and Ball Lawyers told 7NEWS.

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“If you’re withholding property of someone else you’re effectively holding property by deception, you’re not entitled to it, you need to give it back.”

The case is to return to court this October.

Now that you might think dealing with crypto transactions might cause you more trouble than you'd expect. However, it's not only cryptocurrency platforms that accidentally dish out millions. In December last year, a UK bank paid out £130 million pounds ($170 million) to its customers thanks to a technical glitch that scheduled payments to be made twice.

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