If you accidentally transferred millions to your account, what would you do with the money?
One woman wasted no time after receiving millions of dollars from Crypto.com. Now, she is the center of a very serious lawsuit, Complex reports.
The money was received when the company attempted to process a refund in May 2021.
A Life-Changing Deposit
Thevamonogari Manivel is the Australian woman who received the transfer of a lifetime “after an account number was accidentally entered into the payment amount field.”
Once she realized that the money had been dispersed into her account, the lawsuit reveals that she went and purchased a home “on behalf of her sister” — Thilagavathy Gangadory — in the amount of $1.35 million AUD. She’s also said to have transferred funds to others at the time.
The original amount that Manivel was set to receive in the refunded transaction was $100 AUD, which is equivalent to $68 USD. Instead, she received $10.5 million AUD, or roughly $7.2 million USD.
The Road To Recovering The Funds
Defendants, who are listed as “Manivel and others” claim that it took seven months for the plaintiffs in the case to realize the mistake had been made.
Enforcing Crypto Laws
As previously reported by AfroTech (many times), cryptocurrency has been the center of numerous scams. Whether it’s through trading, or engaging in celebrity-endorsed activity, it’s important for people to understand the importance of not falling victim to the dark side of the steady evolving world of the form of digital currency.
Earlier this year, President Joe Biden signed an executive order that was designed to enforce integrity within the space. When the new legislation was signed into law in March, U.S. Treasury Secretary Janet Yellen called the move one that pushes for a “fairer, more inclusive, and more efficient financial system.”