Australian Tewamanogari Moneyvel rushed to buy a modern mansion for $1.35 million, but the court demanded that it be sold and the company’s money returned.
In May 2021, one of the leading cryptocurrency exchanges, Crypto.com, mistakenly transferred about $10.5 million to its Melbourne-based client Tewamanogari Moneyvel while processing a $100 refund. The company did not notice the loss of funds for more than six months. I had to return the money through the court. It is reported by Unilad.
Instead of questioning the legitimacy of receiving such an amount, Manivel turned to luxurious spending, and she got away with it until December 2021.
Despite the large transfer, the error was not noticed for a full seven months, before the audit at the end of the year. During this time, the Australian managed to cash out funds and even purchase a mansion in Craigyburn for $1.35 million, buy another house for a relative, and distribute part of the amount between personal accounts.
After a lengthy legal battle, Crypto.com won part of its case against Moneyvel. In August, the court ruled for the first time in the case, according to which the woman must sell the acquired house and return the funds received for it to the stock exchange.
Mansion in Craigieburn, which was purchased by a client of the exchange
Photo: Barry Plant
“It has been determined that the property was purchased with funds traceable to the wrongful payment and would never have ended up in the hands of the woman had the wrongful payment not been made. Accordingly, I am satisfied that the ordinances relating to the sale of the property at Craigyburn are appropriate.” Judge James Dudley Elliott said in his decision.
For the remainder of the amount, the court will issue an additional decision later.
Previously, Focus wrote that doctors told how and why cryptocurrency harms people. The stress and anxiety associated with investing real money in virtual money is seriously detrimental to the health of investors.
It was also reported that a clinic was opened in Scotland to treat addiction to cryptocurrencies. Therapist Tony Marini came to the conclusion that the disease is in many ways similar to gambling. The disease exacerbates the success stories of miners and investors.
