Crypto.com Accidentally Sends Woman $10.5 Million Instead of $100

Crypto Currency News

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Today's News

Today's top stories in the cryptocurrency world include a major exchange being sued for mistakenly sending a woman $10 million, another exchange being pressed by Congress for details on how it combats scams, and a well-known figure in the industry giving his thoughts on the current state of the market.

Outline

someone was mistakenly refunded $7.2 million by Crypto.com
Congress is investigating cryptocurrency exchanges for details on how they are fighting scams
Crypto.com gave a woman a $10.5 million refund by mistake and now wants the money back
OpenSea removed hackers from its platform for claiming to mint NFTs of a Belarusian dictator's stolen passport
a crypto exchange is suing a woman after sending her $10 million by mistake
Sam Bankman-Fried says his bailouts of sputtering crypto firms were snap judgments and the results have been mixed
Celebrity-Backed Crypto Platform Sues Woman After Accidentally Giving Her $10.5 Million
Koop raises $5M to enable communities and creators to raise funds with NFTs
Crypto is not here to stay, according to one analyst
woman was forced to sell her house after a crypto exchange refunded her $7.2 million by mistake
How to protect your Raspberry Pi data from loss or theft
Crypto.com accidentally sent a woman $10.5 million instead of $100
Why Coinbase, Ethereum, and NEXO prices jumped on Wednesday
How Fed Watchers are interpreting the Bitcoin narrative
Is now a good time to start investing in speculative altcoins?
Crypto winter vs. bear market: How have Coinbase and Robinhood fared?
Why are sports fans going crazy over this red-hot cryptocurrency?
These soaring cryptos could help you retire early
The silver lining in Nvidia's latest announcement
Is now a good time to buy Bitcoin mining stocks?
Why VC Jocelyn Cheng, the CEO of Luno Expeditions, believes the next big opportunities for crypto are in Kenya, Nigeria, and other emerging markets

Crypto.com refunded someone $7.2 million by mistake

When Australian woman Thevamanogari Manivel put in a Crypto.com refund request last year, she got far more than she bargained for. Manivel asked for a refund of $100 AUD (now worth around $68 USD). Instead, seemingly due to an employee entering her account …

Congress presses big crypto exchanges for details on how they’re fighting scams

Congress wrote letters to Coinbase, Binance, FTX, and others to ask how they’re protecting consumers against crypto-related scams.

Crypto.com Gave a Woman a $10.5 Million Refund and Now It Wants It Back

What would you do if a company accidentally sent you millions in dollars you never asked for? Well, Australia-based news outlet 7News reported Tuesday that Crypto.com, one of the most high-profile crypto platforms in the world, had made an extremely expensive…

OpenSea Boots Hackers for Claiming to Mint NFTs of Belarusian Dictator's Stolen Passport

An eastern European hacktivist group claims to have hacked the passport information of every single person in Belarus, including its autocratic leader, Alexander Lukashenko, who has referred to himself as the “last dictator of Europe.” After allegedly stealin…

Crypto Exchange Sues Woman After Sending Her $10 Million by Mistake

A woman received $10.5 million in an accidental transaction from popular cryptocurrency platform Crypto.com -- and then allegedly spent it on a luxury home, according to reports. Decrypt: Two sisters in Melbourne, Australia, are now being chased by the courts…

Sam Bankman-Fried says his bailouts of sputtering crypto firms were snap judgments and the results have been mixed

FTX's Sam Bankman-Fried told Bloomberg the goal in spearheading crypto bailout deals was to backstop companies rather than make a fortune.

The 7 best websites you can use as a Reddit alternative

There are many discussion forums and websites that can serve as alternatives to Reddit. Here are seven of the best.

Celebrity-Backed Crypto Platform Sues Woman After Accidentally Giving Her $10.5 Million

A judge claims the woman must pay back the full amount of money, including selling a home she purchased for her sister.

Koop raises $5M to enable communities and creators to raise funds with NFTs

Koop raised $5M to enable communities and creators to raise funds with NFTs. Already $850 million has flowed into Koop projects.

Crypto Is Not Here to Stay

“Crypto is here to stay” is the favorite catchphrase of the reluctant and resignatory crypto apologists, and yet it is most often muttered with one’s hands in the air as they refuse to discuss the…

Woman forced to sell 4-bed house after crypto exchange wrongly refunded $7.2m

Payment from Crypto.com was off by five zeroes because bank account number was mistakenly entered An Australian woman has been sued after she received part of an erroneous refund from a cryptocurrency exchange – erroneous by five zeroes – that it failed to no…

How to Protect Your Raspberry Pi Data From Loss or Theft

Encrypt data on your Raspberry Pi and make it impossible for others to access it.

10 Wednesday AM Reads

My mid-week morning train WFH reads: • Who Holds the Student Loan Debt? Most individuals see a return on their student loans in the form of a higher paying career. (Of Dollars And Data) see also Debt Babies: Make repayment of all student loans (assumed to the…

Crypto.com Accidentally Sent A Woman $10.5 Million Instead Of $100

We can't say for sure, but that's probably bigger than Matt Damon's Crypto.com payday.

Why Coinbase, Ethereum, and NEXO Jumped Wednesday

The crypto market is rising despite a down session for stocks.

How Fed Watchers Are Interpreting the Bitcoin Narrative

What does it mean for the price of Bitcoin if institutional investors are controlling the narrative?

Is Now the Time to Start Investing in Speculative Altcoins?

Altcoins could lead the market higher, even if Bitcoin is no longer leading the charge.

Crypto Winter vs. Bear Market: Has Coinbase or Robinhood Fared Better?

Both Robinhood and Coinbase have seen their stocks hammered because asset prices have declined significantly this year.

Why Are Sports Fans Going Crazy Over This Red-Hot Crypto?

Chiliz has been on fire of late, thanks to the popularity of sports fan tokens.

These Soaring Cryptos Could Help You Retire Early

Polygon, Cosmos, and Chiliz are three high-upside cryptos that could turbocharge your portfolio investment returns.

The Silver Lining in Nvidia's Latest Announcement

Even though Nvidia just posted one of the ugliest quarters for all companies during Q2, investors can maintain hope.

Is Now a Good Time to Buy Bitcoin Mining Stocks?

If you believe the price of Bitcoin is headed up, there is a case to be made for investing in cheap Bitcoin mining stocks.

Why VC Jocelyn Cheng, the CEO of Luno Expeditions, believes the next big opportunities for crypto are in Kenya, Nigeria, and other emerging markets

Stablecoins and DeFi lending offer practical uses and big opportunities for crypto in emerging markets, Jocelyn Cheng, CEO of Luno Expeditions, said.

Links 8/31/2022

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Crypto Lawyer Roche Beset On 2 Fronts After Leaked Videos

Ava Labs, former client, minimizes relationship; Norwegian investor says he was ‘shocked.’

FTX Exec’s Million-Dollar Donation In Vermont Shows Crypto Clout In Politics

Her campaign manager, Natalie Silver, told Seven Days, a local newspaper in Vermont, that Balint’s staff did not interact with Singh.

Fundraising Changes For Fintech And Blockchain Companies In The Next Year

Over the recent months, the situation with valuations for fintech companies has changed.

Three Ways How Blockchain Technology Is Already Changing The Lives Of Thousands Of Workers In Emerging Countries

Blockchain technology provides a global network for cheap and fast transfer of digital assets, built on top of the internet. Creating new ways to earn money and allowing people to be part of a global financial system, without needing a bank account. Are we wi…

OG Of The Bored Ape Club PFP Trend Launches NFT Blockchain Fashion Game For NYFW

Players will use the traits from their connected NFTs — which become virtual clothing bundles within the game — alongside additional in-game options to compete in themed challenges.