Crypto.com wants back the $7.2 million they accidentally sent a customer last year

Crypto.com somehow managed to not only send a woman AUD$10.5 million (US$7.2 million) in May 2021, but not notice it for months afterwards. The woman had requested a $100 refund, but someone accidentally entered an account number into the refund amount section and granted this woman a sudden windfall.

Rather than contacting Crypto.com about the error, she put the money into a joint account shared with her sister, and purchased her sister a five-bedroom home with nearly US$1 million of the funds.

Crypto.com only discovered the error in a December 2021 audit, and sued the woman for the erroneously-sent funds. She's just been ordered by the Victoria Supreme Court to sell the home and return the remaining money.

Unlike with many crypto transactions, erroneous transactions on centralized exchanges can typically be reversed by the exchange. However, Crypto.com would have had to notice the error much sooner, before the recipient transferred the funds elsewhere.