Crypto.com seeks to recover $76K related to transaction error

2023-7-8 01:20

Crypto.com has recently submitted legal documents, dated July 7, in a bid to recover from an erroneous $50,000 transaction and over $26,000 in additional funds generated as a consequence

The case revolves around an incident involving Georgia resident James Deutero McJunkins Jr., a Crypto.com user who allegedly received an erroneous deposit of $50,000 in his Crypto.com account on June 24, 2022.

McJunkins transferred these funds to a bank account on the day of the deposit. Crypto.com asked McJunkins to return the funds several times, and after he failed to do so, initiated an arbitration process. The firm lodged claims, including breach of contract, civil theft under Fla. Stat. § 772.11, unjust enrichment, and conversion.

Crypto.com received an arbitration award at the end of the process.  This result required McJunkins to pay $76,391.46 to Crypto.com within 30 days of the award being issued. However, McJunkins failed to meet this obligation, prompting the company to seek confirmation from the court through its latest legal filing.

The filing notes that the arbitration award could be vacated or modified in case of fraud, partiality, misconduct, abuse of power, miscalculation, or other issues in the arbitration process. However, Crypto.com said that these factors are not at play and notes that McJunkins did not respond to or dispute its arbitration award.

The awarded $76,391.46 is a sum total of $50,000 in actual damages, $1,786.11 in statutory interest, $21,205.35 in attorneys’ fees, and $3,400 in arbitration costs.

Crypto.com addressed another large error in 2022

Crypto.com addressed another erroneous transaction less than one year ago in late 2022. The crypto company paid more than $10 million to a user instead of the approximately $100 that it actually owed. The affected users were similarly charged with theft and have been compelled to return most of those funds.

These cases serve as a reminder that acceptance of large incorrect transactions can have legal repercussions, even if those transactions involve crypto.

The post Crypto.com seeks to recover $76K related to transaction error appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto transaction recover consequence generated case funds

Источник: cryptoslate.com

crypto transaction → Результатов: 126


Фото:

Stablecoins’ privacy: how zero-knowledge proofs are unlocking enterprise adoption

If there’s one thing that has bugged crypto enthusiasts about the current stablecoin narrative is that while these assets have been touted to revolutionize the payments market — boasting over $94 billion in transaction volume between January 2023 and February 2025 — and bring crypto to the mainstream, most Fortune 500 boardrooms have seemingly passed […]

2025-6-9 17:37


SBI Holdings’ Crypto Exchange VC Trade to Use CoolBitX Tech To Ensure Compliance With KYC/AML Standards

Tokyo based crypto exchange company that was started by SoftBank last year, VC Trade, has collaborated with blockchain security company CoolBitx for KYC. CoolBitX made the announcement alongside the launch of Sygna, its know-your-customer (KYC) and anti-money laundering (AML) compliance-focused cryptocurrency transaction and security solution.

2019-8-9 20:33


'Bitcoin Jesus' Roger Ver Epically Trolls Lightning Shills

"Lightning fast" may eventually be a trademarked term for some crypto payments company or another, but "Bitcoin Jesus" Roger Ver used the phrase to hard-troll fans of the Lightning Network. Guerilla Marketing by Bitcoin's Favorite Jesus Turned Judas Saying "Bitcoin Cash is lightning fast" and posting a video where a transaction is "completed" within 15 […] The post 'Bitcoin Jesus' Roger Ver Epically Trolls Lightning Shills appeared first on CCN Markets

2019-8-8 17:26


BIG Blockchain Intelligence completes acquisition of crypto transaction firm Netcoins

BIG Blockchain Intelligence completes acquisition of crypto transaction firm Netcoins » CryptoNinjas BIG Blockchain Intelligence Group (BIG), a blockchain and cryptocurrency services company, has confirmed that further to its announcement of an agreement to purchase cryptocurrency transaction software company Netcoins, it now has completed the acquisition of all of the issued and outstanding shares of Netcoins Inc.

2019-8-5 08:23


Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33


Dash joins hands with BlockchainIntel to promote adoption and provide compliance reporting for exchanges

In an attempt to increase the adoption of its crypto, Dash has partnered with a “transaction monitoring solutions for blockchains” company, BlockchainIntel. BlockchainIntel analyzes cryptocurrency transactions, along with addressing and risk-scoring them based on ‘evidence of possible nefarious activity.

2019-7-25 01:30


Scary Monero Flaw Patched to Kill Crypto Exchange Theft Threat

Monero developers have revealed nine security flaws, and one of them can be exploited to steal XMR from cryptocurrency exchanges. Two critical Monero bugs discovered “By mining a specially crafted block, that still passes daemon verification an attacker can create a miner transaction that appears to the wallet to include sum of XMR picked by […] The post Scary Monero Flaw Patched to Kill Crypto Exchange Theft Threat appeared first on CCN Markets

2019-7-5 13:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Uniswap wins again in New York court as judge draws new line on DeFi liability

A federal judge in New York dismissed fraud claims against Uniswap for the second time this month, and the decision carries implications far beyond the cryptocurrency industry. At stake: whether platforms that provide neutral infrastructure can be held liable when bad actors exploit those tools to commit fraud.

Sam Bankman-Fried requests new trial claiming FTX had $16.5 billion surplus in 2022, but does it matter?

Sam Bankman-Fried filed a motion for a new trial on Feb. 10, advancing a claim that reframes FTX's collapse not as fraud-driven insolvency but as a recoverable liquidity crisis. The motion invokes Rule 33 of the Federal Rules of Criminal Procedure, which permits courts to grant new trials when “the interest of justice so requires,” […] The post Sam Bankman-Fried requests new trial claiming FTX had $16.