Australian Woman Bags $7.2 Million After Crypto.com Makes an Expensive Error

Australian Woman Bags $7.2 Million After Crypto.com Makes an Expensive Error

  • Cryptocurrency platform crypto.com mistakenly transferred $7.2 million to the wrong person's bank account
  • The woman, Thevamanogari Manivel, bought a mansion in Australia and has now been ordered by a judge to sell the property and pay back the money
  • These details have emerged in a lawsuit between crypto.com and the woman in the Supreme Court of Victoria

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An employee of Crpyto.com punched in the incorrect account number and transferred $7.2 million to Australian woman Thevamanogari Manivel.

crypto
Crypto.com took seven months to realise it had paid $7.2 million to the wrong person. Image: Daniel Harvey Gonzalez/In Pictures via Getty / Stock Getty
Source: UGC

These details emerged in a lawsuit between the crypto currency platform and Thevamanogari Manivel in front of the Supreme Court of Victoria in Australia, the Washing Post reports.

Manivel was supposed to receive $68, but the whopping amount was transferred. She bought a mansion for her sister and transferred hundreds of thousands of dollars to her daughter. The Supreme court has subsequently frozen her bank account.

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According to the Guardian, it took the cryptocurrency platform seven months to notice the glaring error.

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The woman's sister lives in Malaysia and didn't reply to a communication from crypto.com's lawyers.

How to get started with Bitcoin in Ghana the easiest way

YEN.com.gh has disclosed in a separate story that for the past months, the value of bitcoin has been on a steady rise. The news about the increase in the market price of bitcoin has boosted the confidence of bitcoin enthusiasts in Ghana.

Adult Ghanaians like many other bitcoin skeptics have always expressed doubts related to the future of bitcoin. Most of the scepticism arises from the high volatility that characterises bitcoin.

However volatile, bitcoin’s value has continued to increase despite all odds. As such, sceptics are gradually becoming enthusiastic about trading bitcoin and bitcoin believers do not regret the risk taken to trade or invest in bitcoin, even though the prices of bitcoin fluctuate constantly.

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Kumasi to become first city in Ghana to get first electric light rail system in Ghana

Interestingly, rethinking and considering the option of venturing into the cryptocurrency space is the new tendency in Ghana. Within this context, the main worry of new converts is how to get started with bitcoin trading. Hence, this article seeks to map out the different considerations relevant for such a venture.

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Source: Briefly.co.za

Authors:
Aba Afful avatar

Aba Afful (Copyeditor) Maame Aba serves as a copy editor at YEN.com.gh. She naturally enjoys working with words and has an eye for quality content. She has a keen interest in cyberspace and wants to see YEN.com.gh produce more impactful, thought-provoking, and error-free content. Aba has five years of experience as a content writer, blogger, author, and proofreader. She graduated from the Ghana Institute of Journalism in 2017. She joined the team in 2021.

George Nyavor avatar

George Nyavor (Head of Politics and Current Affairs Desk) George Nyavor writes for YEN.com.gh. He has been Head of the Politics and Current Affairs Desk since 2022. George has over 9 years of experience in managing media and communications (Myjoyonline and GhanaWeb). George is a member of the Catholic Association of Media Practitioners Ghana (CAMP-G). He obtained a BA in Communications Studies from the Ghana Institute of Journalism in 2010. Reach out to him via george.nyavor@yen.com.gh.