Accidentally Transfers $7.2 mln to Client Accidentally Transfers $7.2 mln to Client Accidentally Transfers $7.2 mln to Client

31 august, 20221 minute to read
Follow [Durov's // Code] on Telegram accidently transferred AUD$10.5 million (7.2 million) to two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari.

The exchange platform tried to refund AUD$100 to the clients but due to an error made a much bigger payment. Instead of the refund amount, an employee allegedly typed an account number in the payment section, resulting in an erroneous transfer to their bank account.

The incident occurred back in May 2021, but was not discovered until an annual audit in December 2021. After filing a lawsuit, the Victoria Supreme Court recently ruled that the funds must be returned to the company.

However, it turns out that Manivel has already spent AUD$1.35 million worth of the funds on a five-bedroom luxury home in Craigieburn. She was ordered to sell the property and return the remaining funds. The case will return to court in October.

While crypto transactions are final and irreversible, it is possible for centralized financial institutions to reverse erroneous transaction.

31 august, 2022
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