According to recent report, a Mildura man went missing after reportedly pocketing roughly $500,000 when a cryptocurrencycurrency trading site accidentally credited his account with ten times his real deposit amount.
After the guy failed to repay the erroneously deposited monies, the cryptocurrencycurrency exchange OTCPro applied to freeze his assets. OTCPro planned to credit the man’s account with a $99,500 deposit, but included an extra zero, resulting in a credit of $995,000.
Before OTCPro discovered the problem ten days later, the man had withdrew roughly $956,000. The trading platform declared a $491,000 loss.
The individual used the money to buy Tether, which allowed him to withdraw up to $100,000 every day. When contacted, he did not react to pleas for money back.
The case provides unique insight into cryptocurrencycurrency trading because such disagreements rarely arise in court. However, the individual remains at large, raising the question of whether he still has assets in Australia.
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