gm frens :)
Imagine yourself.. you got full eight hours of sleep and it feels like you are ready for the day. You grab your phone as usual to check socials with only one of your eyes opened. Besides the two friends who texted you, you see a notification from your bank!
Well, notifications from the bank are usually a bad sign. At least for us, it is usually the “Your account is overdrawn..”. Except that this time, you get a message that says that a whooping $7.2 million has been transferred in your bank account..
Bruh…
Well, this was the reality for a woman in Australia, named Thevamanogari Manivel (Manivel onwards) . The story above is totally made up but the story that she got $7.2 million by mistake is true.
Here’s what happened.
Crypto.com is a cryptocurrency exchange. Apparently, Manivel was a user of the platform and platform was supposed to refund her $68. Instead, they transferred her $10,474,143.
Well, you would say how such thing can happen. I can speak based on my experience, stuff like this can happen more often than you think. Apparently, employee did type the account number in the field where it was supposed to type the amount.
Crypto.com seems to be rich enough that they were not aware of such mistake for 7 months. They finally realized what happened back in December 2021.
If you are nosy like me, then you are definitely interested to know what happened with the money?!
Manivel bought a mansion. Because why not. In fact, she was generous enough that she bought a house for her sister and not for herself.
Crypto.com tried freezing orders over her bank account through a court lawsuit, but it was to late as most of the money was already sent to few other parties (family relatives). Apparently, there are 8 other people part of this scenario where they received money or some sort of benefit from Manivel.
The mansion/house she bought for her sister did cost $925k. She also sent $300k to her daughter.
Plantiff (in this case Crypto.com) proceeded with the case in a court but Manivel did non respond to it, so judge ruled in favor of Crypto.com. Manivel’s bank accounts were frozen and the house she bought for her sister is on sale and the proceedings will go to Crypto.com.
Where it get’s complicated is that Manivel transferred most of the money to a joint account (supposedly to her boyfriend’s account), so that makes the process of freezing this account a bit harder.
So what will happen?
In such cases usually judge decides in favor of the Plantiff as it is clearly that there was an erroneous mistake. Even if you receive it, it does not mean you can use it, especially if it is way more than the amount you were supposed to receive.
Manivel is supposed to pay back the entire amount of the transfer she received, court costs as well as a $19k as interest for the transfer she received. Of course, she can appeal this case but you should really have a valid reason on why this happened and whatever it was, it does not seem reasonable to spend that money.
FYI All values in the article are in USD terms. This happened in Australia so in the court proceedings they used Australian dollars AUD, that is why you will notice a mismatch in the amounts. Other than that, here is the link to the suit against Manivel released from Supreme Court of Victoria.
That’s it for today. If you are interested to promote your products/services in our newsletter, be sure to reach out newsletter@web3lunch.com