Crypto.com Users Get Freedom After Spending $7 Million Wrongly Sent
A customer named Jatinder Singh accidentally received $7 million from crypto exchange Crypto.com in 2021, then spent it lavishly, although his whereabouts are still unknown $3.1 million, but he was released on bail, according to Cointelegraph. On 20 March, in Victoria District Court, prosecutors tried to convince the judge that jail was the only way to ensure Singh would not flee the country.
Singh faces a series of theft charges with his wife, Thevamanogari Manivel, the bank account owner where the money was transferred. Both pleaded not guilty. They claimed that they had legitimately won $7 million through the Crypto.com contest. After the lawsuit was filed, the Supreme Court of Victoria ruled that the duo must return the money to Crypto.com. Reportedly, the problem stems from the fact that in May 2021, a Bulgarian employee of Crypto.com mistakenly deposited $7 million. Filed a lawsuit to recover damages, $7.3 million was recovered, and the defendants used $3.1 million allegedly lost to buy 4 houses.
Source
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