Imagine that one day you wake up and find $7 million in your cryptocurrency wallet without any sales or transactions. This may seem like a completely fictional story, but it happened and now the user who benefited from this story is in a difficult situation.
To understand this soap opera of virtual currencies, you must have some basic knowledge. Firstly, cryptocurrency transactions are final, if someone sends money to another person, there is no way back and, therefore, it is important how to write the wallet address correctly, and to know if it matches a person.
In fact, this is not the first time that some individuals or groups of people have used this type of situation to scam other users. But back to what happened to the Crypto.com exchange, which just lost in this situation, which is so strange to understand.
Crypto.com had to make a simple transaction, send 100 AUD to Tewamanogari Mannivel. Instead, the Aussie received a whopping A$10 million, the equivalent of US$7 million, due to a character error..
What happened is not recent, in fact this situation happened in May 2021. Why is it known now? Crypto.com discovered the bug during an audit in December 2021.starting with paperwork to get back the money he mistakenly sent to Tewamanogari Mannivel even though they have a hard time.
In February 2022, Crypto.com received an Aussie bank account freeze order, although they were surprised to find that most of the money had been spent or sent to other people. Tewamanogari Manivel bought a luxurious house, which he later gave to his sister..
The house is worth 1.35 million Australian dollars and is located in one of the most popular areas of Melbourne.. In addition, he sent money to his daughter, who had an increased bank balance when she saw A$430,000 deposited by her mother.
What will happen? The High Court of Victoria in Australia has ruled that Tewamanogari Mannivel must return the money he received by mistake.forcing the Aussie to return the purchased house and in addition to offer 20% more due to the interests and costs that the company had to face.
The truth is, it’s curious that the company didn’t notice such a big move until a review was made that showed that these types of transactions are being made on a daily basis without triggering an alarm.. Cryptocurrencies and exchanges are not as reliable as they seem, and these mistakes are quite common.
Source: Computer Hoy
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
