Summary:
- Crypto.com user received $10 million instead of $100 deposit due to an error
- User spent the funds on properties and gifts, believing it to be a lottery payout
- Crypto.com discovered the error 7 months later and initiated recovery procedures
- User was arrested, and legal proceedings are ongoing
- Similar errors have occurred in the past with Crypto.com
Crypto Error Leads to $10 Million Deposit:
Jatinder Singh received $10.4 million instead of a $100 deposit due to a mistake by a local staffer during a refund process. Singh and his partner spent the funds on property and gifts, believing it to be a crypto lottery payout. Crypto.com discovered the error months later and initiated recovery procedures.
Legal Consequences and Recovery Efforts:
Authorities arrested Singh’s partner, Thevamanogari Manivel, as she tried to board a flight with some of the money. Legal proceedings ensued, with differing opinions on intent. Crypto.com has experienced similar errors in the past, with one user receiving $10.5 million and another incident involving a $400 million transaction to the wrong Ethereum wallet address.
