A prominent bitcoin trader who advertises with Matt Damon inadvertently sent a Melbourne lady over $10.5 million.
After realising its error seven months later, Crypto.com filed a lawsuit against Thevamanogari Manivel and her sister Thilagavathy Gangadory.
In May 2021, the business intended to repay Ms Manivel $100, but accidentally typed an account number in the transfer’s payment area.
Just before last Christmas, a business audit uncovered the $10,474,143 error.
$1.35 million had already been spent on a lavish five-bedroom home when Crypto.com attempted to recover its funds, and the remaining funds had been transferred to other accounts.
The mansion in the Craigieburn neighbourhood of Melbourne, which features four bathrooms, a home gym, and a theatre, was purchased on February 3, according to the Herald Sun.
On February 7, Crypto.com issued orders to freeze Ms. Manivel’s bank account, but according to court records, $10.1 million had already been transferred to another joint account, and $430,000 had been sent to her daughter, Raveena Vijian.
Before Crypto.com could issue a freezing order against Ms Gangadory in March, the home registration was later moved to the Malaysian resident.
The corporation then filed a lawsuit in the Supreme Court against Ms. Gangadory with the goal of recovering the cost of the residence plus 10% interest.
She was allegedly “getting legal counsel” and her attorneys “would be in touch,” but neither she nor they showed up in court.
The Craigieburn mansion had to be sold, and Judge James Dudley Elliott ordered Ms. Gangadory to pay Crypto.com $1.35 million, $27,369 in interest, and expenses.
The commercial division of the Victorian Supreme Court heard the matter in May, and only last week the grounds for Justice Elliott’s decision were made public.
Justice Elliott said that since Ms. Gangadory was not represented in court, “references to the facts of this case based on such uncontested evidence are unavoidably susceptible to attack if Gangadory ever moves to set aside the default decision.”
In addition, the court said that she “has not answered to any of the letters from (Crypto.com’s) lawyers” and that “the impact of not filing an appearance is that the accusations in the statement of claim are presumed to be acknowledged” due to her lack of attendance.
Separate orders have apparently been issued for the remaining funds that were inadvertently sent to Ms. Manivel.
The legal counsel for Crypto.com, Cornwalls Law, informed Daily Mail Australia that it was unable to comment because the case was pending in court.
No one could be reached to reach Ms. Manivel or Ms. Gangadory.
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