Crypto.com mistakenly transfers US$7mil to woman owed US$70 refund


A woman in Australia got a lot more than the A$100 refund she was owed when Crypto.com mistakenly sent her A$10.5mil instead. — Image by kstudio on Freepik

Crypto.com, the digital currency app that was fronted by Matt Damon in a Super Bowl TV ad, is seeking the return of about A$10.5mil (US$7.2mil or RM32.05mil) it accidentally transferred to a woman in Melbourne.

But some of it has already been spent, including on a A$1.35mil (RM4.12mil) five-bedroom property in suburban Melbourne.

The firm discovered during an audit in December that it had made an error in processing a A$100 (RM305) refund seven months earlier, according to court documents first reported by Channel 7. An account number had been accidentally entered into the payment amount field, according to the court.

The state of Victoria’s Supreme Court has ordered the home, which was bought by the woman’s sister, be sold and the money returned to the company. The case is expected to return to court in October.

Crypto.com didn’t immediately comment when contacted by email. – Bloomberg

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