Georgia resident James Deutero McJunkins Jr. registered an account with Singapore-based exchange Crypto.com in May 2020. Two years later, on June 24, 2022, Crypto.com transferred $50000 to his account.
According to Crypto.com’s lawsuit filed in the Southern District Court of Florida, the transfer was made in error, and McJunkins transferred the money to an outside bank account on the same day. When Crypto.com’s “numerous requests” to McJunkins for a refund went unanswered, the company hired an attorney;
In April, the court sided with Crypto.com, announcing that the defendant must not only return the $50,000, but also pay the plaintiff’s legal fees. The total amount McJunkins must pay is $76,000. The American, by the way, has not yet responded to the lawsuit and has not challenged the court decision. That decision is now in effect;
This is not the first time Crypto.com has made such a rather large accounting mistake. In August 2022, the exchange accidentally refunded A$10 million ($6.6 million) to an Australian woman instead of the A$100 owed. Crypto.com did not notice the error until seven months later, during a year-end audit;