Australian prosecutors plan to imprison users who received large erroneous refunds from Crypto.com

ChainCatcher news, Australian prosecutors are advocating for the imprisonment of a Crypto.com user who accidentally received nearly $7 million in an erroneous refund and spent most of it before the trading platform discovered an internal error from three years ago.

In May 2021, Crypto.com sent $6.86 million (AU$10.47 million) to Australian couple Thevamanogari Manivel and Jatinder Singh instead of a $100 refund due to an employee allegedly entering an account number in the payment section of an Excel spreadsheet.

However, the trading platform detected that the bank account did not match the exchange account. Therefore, the trading platform issued the refund, but it did not return the AU$100 that the couple attempted to deposit; instead, it mistakenly transferred AU$10.5 million into Manivel's bank account.

Just seven months later, when the trading platform discovered the error during an internal audit in December 2021, Singh had already purchased multiple properties and gifted AU$1 million to friends. He claimed he thought he had won an "online lottery."