The lawsuit was filed after CryptoCom sent approximately $10 million to a user due to a technical glitch.
CryptoCom technical team associated the situation with incorrect data entry into the Excel table. He bought assets with millions of dollars he saw in an Australian user account. In the court that took place at the end of a year, the user argued that he was wronged.
Litigation Between CryptoCom and User Happened
This mistake made by crypto exchange CryptoCom has been taken to court. It is known that Thevamanogari Manivel, who has millions of dollars in his account, bought a million-dollar mansion with his partner Jatinder Singh. It was also alleged that he sent millions of dollars to Malaysian bank accounts.
Manivel received the million-dollar payment in May 2021, but it took time for the company to realize this. The crypto exchange took the matter to the high court. After a lengthy investigation, Manivel and Singh were caught while changing country.
The majority of the money was repaid, but the court also ordered that money given to relatives be recovered. The court also ordered the confiscation of the mansion. The CryptoCom side stated that the outstanding portion was approximately $1.9 million.
Manivel, who attended the court with a video conference, stated that he was wronged. She said she thinks money is a reward from the stock market. Upon this defense, CryptoCom compliance officer Michi Chan Fores made statements. Fores stated that the incident was the fault of an employee managing Excel records. Requesting the review of the records, Fores stated that no such reward was distributed to any user.
Manivel and Singh, who went to court via video link from the prison, stated that they had been wronged and were waiting to be released.
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