Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to ...
Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds. Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021. The crypto firm made claims....
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Our everyday life is slowly taking on a more digital form, which is made possible thanks to great advances in technology. However, our imperfect knowledge about these technologies leads us to make errors, which often results in valuable information getting into the wrong hands. Australian supermarket chain Woolworths has recently learned this lesson first hand, accidentally leaking customer data. Woolworths Forced To Cancel $1M USD Worth of Gift Cards. Less than a week ago, a Woolworths employee accidentally disclosed shopping voucher codes and customer information in an e-mail. The....
Ever accidentally donate 20 million of anything to a cause? Me neither. Alex Green, the founder of Moolah, a cryptographic payments platform, can't say the same. See, in the dogecoin community, there's an initiative going on thatseeks to sponsor NASCAR driver Josh Wise, helping him get into the Sprint Cup Series. So when Green decided he was going to donate, he decided on 2 million doge. But in an unfortunate turn of events, he accidentally typed in an extra 0 - making his contribution 20 million dogecoin (or about $15,000 USD). Ouch! Amazingly enough, Green is standing by his donation. He....
The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has sued a crypto hedge fund founder in Manhattan federal court. The regulator alleges that Stefan Qin, a 23-year-old Australian, defrauded investors in his $92.4 million cryptocurrency arbitrage fund, according to Tuesday’s court filing. Qin founded New....
A man has accidentally thrown away a hard drive containing 7,500 bitcoins. He is now offering his city 25% of the value of the bitcoins stored in the hard drive for permission to search the city’s landfill site. His bitcoins are now worth almost $300 million at the current price. In Search of Hard Drive Containing 7,500 Bitcoins James Howells, an IT engineer, mistakenly threw away the hard drive of an old computer containing 7,500 bitcoins. The coins, worth almost $300 million at the current price, is now in a landfill site in Newport, South Wales. The 35-year-old explained that he....
Canadian crypto exchange Coinberry, part of Kevin O’Leary’s Wonderfi, has sued 50 customers for the return of the bitcoin they obtained without paying during a software glitch. “Coinberry contacted all of the said 546 affected registered users by email and demanded the return of the misappropriated bitcoins,” the lawsuit details. Coinberry Sues Users to Get Bitcoin Back Canadian cryptocurrency exchange Coinberry has reportedly sued its customers who took advantage of its software glitch and obtained bitcoin without paying. Coinberry, a regulated crypto trading....