TIL Crypto.com accidentally sent $7m to a user instead of $68 and she spent the money to buy a mansion worth $1m

In May of 2021, Crypto.com accidentally sent a user $7m instead of $68, and it took them 7 months, after an audit to realize their mistake, in December of 2021.

They then launched a lawsuit against the woman in the Victorian supreme court, when it turned out that she had bought a four-bedroom mansion worth million dollars as a gift to her sister and shared some of the money with others, including her daughters.

She also transferred some of the money back to her bank account in Malaysia, wroth around $3m.

They later were able to have her bank accounts frozen.

She allegedly thought she won the money after being sent a notification from the Crypto.com app about a competition, but Crypto.com confirmed that they never send notifications about the winnings of any competition.

She was ordered by court sell the property and to pay Crypto.com $1.35 million AUD, and also pay the interest of $27,369.64.

Further read (The numbers mentioned in the article are AUD, not USD) :

https://www.businessinsider.com/cryptocurrency-company-accidentally-transfers-woman-money-no-notice-months-lawsuit-2022-8