The Crypto.com exchange mistakenly transfers $10,5 million to a user instead of $100

According to a representative of the platform, a customer's account number was entered in the field for the payment amount

30.08.2022 - 14:05

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What’s new? In May 2021, the Crypto.com exchange accidentally transferred $10,5 million to a woman from Australia instead of refunding $100, Ticker News writes. The error was discovered during an audit seven months later. The platform filed a lawsuit with the Supreme Court for a refund. A Crypto.com representative explained that an account number was mistakenly entered in the payment field instead of $100. However, with the money received from the exchange, the woman and her sister had already bought a mansion in Craigieburn. The judge ordered the property to be sold and the money returned to the exchange.

Material from Ticker News

Errors with transactions in the crypto industry. In March, an NFT collector nicknamed Dino Dealer mistakenly sold an Etherrock collection token for 1 cent instead of $1 million by mixing up ETH and WEI (the minimum ETH portion) when placing an order.

In July, collector franklinisbored lost $150 000. He placed a bid to buy his own domain name, forgetting to cancel it after selling it to another user at a lower price.

What is known about Crypto.com? The exchange was founded in 2016. The platform hosts 225 digital assets and 391 trading pairs. According to CoinGecko, the daily trading volume is $205,9 million as of August 30 at 13:40 UTC. The Cronos native token (CRO) ranks 27th in the cryptocurrency ranking with a market capitalization of $3,134 billion, the asset is trading at $0,124, having gained 2,4% in a day.

In July, Crypto.com added Google Pay as a payment method for cryptocurrency purchases. The integration is available for Android smartphone, watch, and tablet users.

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