From the materials of the statement of claim, Rhino Trading, operator of the OTCPro trading platform, it became known that on January 25, 2024, OTCPro received a deposit of AUD 99,500 from its client. The operator then credited the received funds to his exchange account, but mistakenly added a zero to the credit amount. As a result, 995,000 Australian dollars (more than $600,000) were credited to the client’s trading account.
It took OTCPro several weeks to notice the error. By the time the company was able to detect her and blocked the account, the client had withdrawn most of the assets through the purchase of Tether (USDT) stablecoins in maximum tranches of $100,000 and disappeared.
Rhino Trading told the court it had suffered a total loss of about $500,000 and asked authorities to take action to locate the client and to issue an injunction preventing him from leaving Australia.
During the preliminary investigative actions, it turned out that the registration of the trading account to which the erroneous transfer was received was carried out using forged documents.
In 2022, the Helium cryptocurrency project reported that due to an error in the settlement system of the Binance exchange, the platform accidentally credited users with HNT coins totaling $20 million. In the same year, one of the most popular crypto platforms in Australia, Crypto.com, accidentally sent $10.5 million to a client .
Source: Bits
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