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Bangkok Post
Bangkok Post
Business

Crypto platform mistakenly transfers $7m to woman

Matt Damon signs autographs at the 74th Cannes Film Festival in Cannes, France, on July 9, 2021. (Photo: Reuters)

Crypto.com, the digital currency app that was fronted by Matt Damon in a Super Bowl TV advertisement, is seeking the return of about A$10.5 million (US$7.2 million) it accidentally transferred to a woman in Melbourne.

But some of it has already been spent, including on a A$1.35 million ($918,500) five-bedroom property in suburban Melbourne.

The firm discovered during an audit in December that it had made an error in processing a A$100 ($70) refund seven months earlier, according to court documents first reported by Channel 7. An account number had been accidentally entered into the payment amount field, according to the court. 

The state of Victoria’s Supreme Court has ordered the home, which was bought by the woman’s sister, be sold and the money returned to the company. The case is expected to return to court in October.

Crypto.com did not immediately comment when contacted by email.

Representations of cryptocurrency Bitcoin and United States dollar are seen in this illustration on Aug 10, 2022. (Photo: Reuters)
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