The $10 Million Error: Australian Faces Jail Over Accidental Crypto.com Depos...
An Australian man has now been sentenced to jail after finding himself millions of dollars richer following an accidental refund from Crypto.com—the 13th largest cryptocurrency exchange by trading volume. According to the report, the Australian man named Jatinder Singh, aged 39, and his “then-partner” Thevamanogari Manivel, 41, were sent roughly $10.47 million by Crypto.com due […]
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Want to catch up on digital currency news? This week, an accidental transaction landed a bitcoin miner a hefty sum of coins, and Barry Silbert’s Digital Currency Group got even bigger. Take a look and see what you’ve been missing. BITCOIN ERROR = MASSIVE FUNDS! Imagine that you’re expecting a minor payment from a friend or colleague. Nothing big, maybe a few dollars or so. Just a little something to help keep you afloat… They decide to pay you in bitcoin, so you sit, staring at your account, expecting the amount to come through at any moment, and when it arrives, you begin to sweat. Your....
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....
A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bitcoin in the office. The man, identified as Christopher Naples, allegedly had hidden 46 mining rigs in the offices of the Suffolk County Center in Riverhead, New York. According to the investigation, 10 of these rigs had been installed since February, consuming more than $6,000 worth of energy. But given there were 36 more machines, the total energy cost could be far greater.
New York Man Faces Jail Time for Mining in the Office
Christopher Naples, an IT technician for Suffolk County in....
In a landmark ruling, an Australian man has received a two-year prison term for committing identity theft and fraudulently setting up cryptocurrency exchange accounts. This case, adjudicated at the Melbourne County Court on June 17, underscores the increasing intersection of cybercrime and cryptocurrency in modern financial systems. Related Reading: Australian Goverment Bans Use Of Crypto […]
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The U.S. Department of Justice (DOJ) announced Thursday that a New Orleans bitcoin seller named Michael Yusko has been charged with operating an unlicensed money transmitting business. The announcement details that “Under federal law, any....