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Crypto firm by accident sends woman $10.5 million and he or she buys a house


A lady in Australia went on a spending spree after a number one cryptocurrency exchange by accident sent her $10.5 million AUD (£6.25m).

Crypto.com sent the funds to Thevamanogari Manivel’s checking account in May 2021 when attempting to issue a $100 refund, but didn’t discover the error until an audit was performed seven months later.

By then, Ms Manivel had already sent the funds to a different account held jointly along with her sister Thilagavathy Gangadory, based on court documents.

Among the money was used to purchase a $1.35m five-bedroom house in Melbourne, which Victoria’s Supreme Court has now ordered to be sold and the cash returned.

Crypto.com can also be searching for 10 per cent interest on the quantity, plus legal costs, while a separate order has been made regarding the remainder of the funds mistakenly sent.

“It’s established that the Craigieburn property was acquired with funds traceable to the wrongful payment and would never have been in Gangadory’s hands if the wrongful payment had not been made,” Justice James Elliott said as he handed down his judgment.

“Thus, Gangadory was unjustly enriched by receiving the acquisition price of the Craigieburn property out of the wrongful payment … Accordingly, I used to be satisfied that the orders referring to the sale of the Craigieburn property were appropriate.”

A default judgement was made by the court after Ms Manivel reportedly failed to indicate, with Justice Elliott ruling that “references to the facts of this case based on such uncontested evidence are necessarily open to challenge if Gangadory ever seeks to put aside the default judgment”.

Crypto.com didn’t immediately reply to a request for comment from The Independent.

Neither Ms Manivel nor Ms Gangadory could possibly be reached. The court case will resume in October.

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