Major Crypto Exchange Accidentally Refunds $10.5M Instead of $100: Here’s What Happened Next

Two sisters accidentally received $10.5M from Crypto.com instead of a $100 refund, leading to a lawsuit and forced repayment.

In a bizarre incident, two sisters were mistakenly sent $10.5 million by Crypto.com when they were only expecting a $100 refund.

The error occurred when someone accidentally typed the account number as the refund amount. The sisters noticed the mistake but chose not to report it, casually spending the money.

After living lavishly for seven months, the error was eventually discovered, leading to a lawsuit that forced the sisters to sell their mansion and pay back the funds.

The Mistake: A Simple Typo Costs Millions

The mistake began when Crypto.com processed a routine $100 refund for the sisters. Instead of entering the refund amount, someone mistakenly typed in an account number.

This error resulted in an instant transfer of $10.5 million to their account. The sisters immediately noticed the unusually large sum but decided not to report it.

According to blockchain analyst Sweep, this kind of error is rare but can have serious consequences.

He stated that the mistake went unnoticed for months, as Crypto.com failed to flag the transaction.

Sweep emphasized how such errors could easily be overlooked, especially when the amount appears as an ordinary transaction.

Instead of reporting the mistake, the sisters decided to keep the funds.

They used the money to live a lavish lifestyle, unaware that it would eventually lead to legal consequences.

The simple typo, however, would set off a chain of events no one could have predicted.

The Discovery: Seven Months of Unnoticed Spending

For seven months, no one detected the mistake. The sisters lived lavishly, spending the money they had received.

They bought a mansion and enjoyed an extravagant lifestyle without suspicion. As Sweep pointed out, Crypto.com had no immediate systems in place to catch this kind of error.

The mistake was eventually discovered when Crypto.com conducted an internal review. The company realized the funds had been transferred in error after a thorough investigation.

The sisters’ spending spree caught the company’s attention, prompting them to take action.

During these months, the sisters appeared to have no intention of reporting the issue.

Instead, they acted as if they had received a legitimate sum, even though they knew it was a mistake.

Sweep explained that this behavior raised red flags when the discrepancy was eventually discovered.

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Legal Action: Crypto.com Sues and Wins

Crypto.com took legal action to recover the mistakenly transferred funds. The company sued the sisters for the $10.5 million, stating that the money was sent in error and needed to be returned.

The sisters were ordered to sell their mansion and repay the funds to Crypto.com.

The court ruled in favor of Crypto.com, and the sisters were forced to pay back the full amount.

Despite their actions, the law determined that the funds were sent by mistake, and they were legally required to return the money.

The case serves as a reminder of the importance of transparency and responsibility when handling financial transactions, especially in the crypto space.

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