Crypto.com took seven months to notice it accidentally sent a woman $10.5 million rather than $100. Meanwhile, the Australian recipient used the cash to nab her dream home.
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1. Crypto.com accidentally sent $10.5 million to Manivel rather than $100. It took seven months to realize it made the $10 million boo-boo, but Manivel bought a $1.35 million house with the extra cash.
The crypto exchange made the mistaken payment in May 2021, but the error (this time it wasn't Citi's fault) was not picked up until a company audit last December.
Turns out Crypto.com put the wrong account number into the payment-amount field, according to a default judgment released last Friday in the Supreme Court of Victoria.
Crypto.com launched legal action against Manivel and her sister Thilagavathy Gangadory, who pocketed some of the $10.5 million payment.
Manivel sent $430,000 of the extra money to her daughter. She also purchased the $1.35 million home in Craigieburn, a suburb about 25 kilometers north of Melbourne's central business district. Ever the generous one, Manivel then transferred ownership of the house to Gangadory, who lives in Malaysia.
Full disclosure, I'm from the suburbs of Melbourne, and I cannot believe a house in Craigieburn is now worth over $1 million?! Extraordinary.
Check out this bizarre story, from Insider's Kate Duffy, here.
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Curated by Aaron Weinman in New York. Tips? Email aweinman@insider.com or tweet @aaronw11. Edited by Hallam Bullock (tweet @hallam_bullock) in London.