The post Crypto.com Error: Couple Spends $10 Million by Mistake and Faces Jail Time! appeared first on Coinpedia Fintech News
Dishonesty brings consequences. A couple proved this phrase when they received money by mistake and kept it to themselves. Their action led them to serve jail time. A major error from Crypto.com crypto exchange resulted in refunding $10 Million instead of $100.
The incident began in May 2021 when Jatinder Singh tried to deposit $100 into his Crypto.com account using his partner’s bank account. An employee of the exchange in Bulgaria made a significant mistake, leading to a $10.47 million refund to Singh’s partner, Thevamanogari Manivel, due to discrepancies between the names on the accounts causing the initial deposit rejection.
Crypto.com Discovered the Mistake
The mistake was undiscovered until December 2021. During an internal audit by the exchange, the company noticed a large amount of money was missing. By this time, Singh and Manivel had a
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