A cryptocurrency trading platform went after an Australian customer after the platform obtained a refund. I take crypto.com seven months to realize their mistake. Then, Thevamanogari Crank he had spent some of the money on a house and shared some of the largesse with his sister Thilagavathy Gangadory. According to CNBC, court documents say Crypto.com went after the sisters and other defendants to recover the A$10,474,143 million they sent instead of the A$100. At today’s exchange rate, CNBC reports that amount at $7.1 million instead of $68.
Crypto.com also sued the women for 10 percent interest and legal fees in addition to reimbursement of the millions. According to court documents, an employee mistakenly entered the wrong amount in May 2021. However, Crypto.com did not notice the missing millions until December 2021 during a “routine audit.”
Thevamanogari reportedly did not waste much time wasting his blessing. About AU$1.35 million was used to purchase some properties. Reports say the property is a five-bedroom luxury home. By CNBC, Cryptocurrency transactions are not usually reversible, but the company convinced law enforcement to freeze Thevamanogari accounts in February of this year. However, the former client had already transferred some money to her sister.
Crypto.com won the lawsuit by default judgment. A judge reportedly ordered Thevamanogari to repay the A$1.35 million by selling the house. The remaining money will be returned to Crypto.com. The judge also ordered Thevamanogari to pay additional costs, including $27,369.64 in interest.
They are all reportedly due back in court in October for the next steps. the company gave CNBC no comment on the situation.