Today I Learned (TIL)

This is the best summary I could come up with:

Thevamanogari Manivel had a one-way ticket to Malaysia and close to $11,000 in cash when police arrested her attempting to board a plane at Melbourne airport in March 2022.

Crypto.com made global news last year when its multi-million dollar mistake was revealed in court documents as it tried to freeze Manivel’s assets.

It came at a time when the cryptocurrency market was already facing uncertainty and just months before the highly publicised collapse of rival FTX.

Singh discovered the overpayment the following day, the court heard, and told Manivel to transfer the funds to a joint Westpac account, which they did for a majority of the money in both cash and cheque.

Judge Martine Marich said in her sentencing remarks that the money had been recovered, and there was no sinister intent proven up to the point where the Commonwealth Bank informed her of the error.

“Like any company operating in financial services, we are constantly advancing and evolving our internal processes to ensure the highest levels of security and compliance,” a spokesperson said.

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