Due to an unfortunate typo, cryptocurrency exchange Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say.
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Any other point apart from these, feel free to share your opinion and lets get other enlightened..
Unlike in your other posts, you forgot to add the source this time.
The original article (
google search) stated that it's for a refund and most likely talking about refunded fiat funds to her bank account so Q2~4 are implausible.
For Q1, it could be since refunds are usually done by hand so a typo can occur.
BTW, those google search results are the same article fetched from "
IANS", they most likely have republishing rights (
do you have?)
Sir , First of all 7.8 Million is a huge amount , and if a seasoned exchange is not bothered or ignored such a transaction is hard to believe, moreover , even if its a fiat then also the person who would have received will wait for 7 months for the exchange to reclaim its money, For the reference
https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-com-accidentally-refunds-over-7-million-to-customer-owed-68/articleshow/93920407.cms
First of all, this is old news (2 weeks old?) and I guess that it has been already discussed (but a quick search didn't yield anything, maybe I've used wrong terms).
Second, more on-topic: a more interesting fact is not that they've made such a mistake, it can happens (it has happened to banks too iirc). The interesting fact is that they've noticed only 7 months later.
This would mean either their accountancy is a wonderfully missing thing, either they have such huge pile of money that $7M missing can go unnoticed this easy.
Thats what my point is , that a billion dollar exchange, transferred approx 8M , and it went unnoticed for nearly 7 months, moreover who is at fault , the receiver or the exchange who made this mistake and realizing after months, as the complete news suggest that exchange is dragging him to court to reclaim the amount ..
[moderator's note: consecutive posts merged]