Court Hears Couple Thought They'd Won $10.5m

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ouple mistakenly given $10.5m from Crypto.com had thought they had won contest, court hears

Money from crypto exchange was allegedly used to buy four houses worth $4m, vehicles, art and furniture, police officer tells court

A couple reportedly purchased four expensive homes, vehicles, art and furniture after they were mistakenly given $10.5 million from the cryptocurrency trading platform Crypto.com.

The women from Victoria Australia had originally thought it was prize money from an online contest that the couple thought they had won, according to what a police officer told the court.

Thevamanogari Manivel and her partner, Jatinder Singh who has been accused of theft over a $10.5 million mistakenly sent to her cryptocurrency account as a refund, were released on bail as she awaits trial, despite allegations that she attempted to flee the country.

Manivel was supposed to receive a $100 refund from Crypto.com in May 2021, but she was transferred $10.47 million instead, which the company did not catch until December 2021 during an audit.

Most of the money has been paid back, but about $3 million is still outstanding. Civil action is underway to freeze the properties and get money back from relatives.

On November 8, a directions hearing will be held in the county court for Manivel and Singh.

Jonathan

An editor at Coincrop

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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.