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Crypto.com accidentally transfers $10.5m to woman instead of $100

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A Melbourne woman was accidentally transferred $10.5 million instead of a $100 return, now she has to pay it back.

Crypto.com is one of the world’s largest cryptocurrency trading platforms.

It’s now been revealed the company accidentally transferred $10.5 million to a woman in Melbourne Australia, when she was seeking a $100 refund.

It then took crypto.com more than seven months to realise the error.

The crypto trading platform launched legal action in the Supreme Court against two sisters to get the money back.

The court heard the company accidentally entered an account number in the payment field instead of the $100 refund.

It happened in May last year, but the mistake was only discovered in a company audit just before Christmas.

The property the women purchased in Craigieburn.

When crypto.com tried to recover the money, the cash had already been moved and used to buy a multi-million dollar mansion.

But now a judge has ordered the property be sold, and with orders made for the remaining money to be returned.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Business

Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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Business

The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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Business

Shell delivers record 2022 profit

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Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

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