Woman goes on shopping spree after crypto firm accidentally sent her $10.5 million


A woman in Australia went on a spending spree after a leading cryptocurrency firm accidentally sent her $10,474,143.

The incident occurred when Thevamanogari Manivel received the money in her bank account in 2021 when trying to issue a $100 refund. Instead of reporting it to authorities, she went on a shopping spree.

She spent almost the entire fortune until Crypto.com discovered the error seven months later, December of that year.

According to Independent, Manivel purchased a home in Melbourne for AUD$1.35 million after the funds were transferred to a joint account she shared with her sister, Thilagavathy Gangadory.

Moreso, she purchased four houses – all of which had been frozen by the Supreme Court as part of ongoing civil action launched there by Crypto.com.

Of that, $1.2million was used to buy a luxury home in Craigieburn and a $56,000 deposit went on a home in Mickleham

Senior Constable Healy alleged $8million had been transferred from Manivel’s account between December 24, 2021, and February 2022.

Of that, $1.2million was used to buy a luxury home in Craigieburn and a $56,000 deposit went on a home in Mickleham, according to court document.

Police allege Manivel lavished gifts on her daughters, giving $500,000 to one, $430,000 to another and $200,000 to a third daughter.

Another $70,000 was used to buy her daughter in Melbourne a car and $1.2million gifted to her partner Jatinder Singh’s friend to pay off his mortgage on a Mickleham property.

The rest was allegedly blown on furniture, art, and other luxury items.

Manivel was recently ordered to sell her home and repay the funds with interest after Crypto.com won its legal case against her.

According to UNILAD, Justice James Dudley Elliot said during the ruling that evidence showed Manivel purchased her home through stolen funds.

‘It is established that the Craigieburn property was acquired with funds traceable to the wrongful payment and would never have been in Gangadory’s hands if the wrongful payment had not been made.

‘Thus, Gangadory was unjustly enriched by receiving the purchase price of the Craigieburn property out of the wrongful payment.

‘Accordingly, I was satisfied that the orders relating to the sale of the Craigieburn property were appropriate.’

In a report by CNBC, Crypto.com was originally supposed to send Manivel AUD$68 but sent the millions in error.

The lawsuit was filed in 2022, and local authorities froze her assets.

Crypto transactions are not reversible, but centralized platforms can attempt to reverse payments if fraud or human error occurs.

Share this Story

Previous articleUS Senate minority leader Mitch McConnell hospitalized after fall in hotel
Next articleRussia unleashes massive drone and missile strike on Ukraine; huge nuclear power plant loses power
Ola Alabi
Ola Moses is a certified writer, He writes technically and creatively. He is the CEO of WORDSWORTH, a house where writing is made easier for all. He is a content creator at EsB TV, since 2019. He is a young man that showcases professionalism in all that he does, he was announced as Child and Green Foundation Person of the Year 2018, one of his many lists of honours.


Please enter your comment!
Please enter your name here