Woman bailed after allegedly pocketing AU$10.5m from Crypto.com

Thevamanogari Manivel is being sued by Crypto.com over the theft of AU$10.5m but has been released on bail under strict conditions.

Australian woman Thevamanogari Manivel was released on bail on Tuesday, after appearing in court via video link from prison alongside her partner Jatinder Singh.

Manivel and Singh pled not guilty at the court in Melbourne, Australia, having been accused of stealing $10.5m in cryptocurrencies from Crypto.com.

Manivel’s lawyer Jessica Willard, requested that her client be released from prison on a AU$10,000 bail, a fairly small amount given the alleged transgression.

Manivel previously tried to leave the country, but her lawyer assured the magistrates that at the time of the attempt, her client was not aware that she was facing criminal charges.

The court accepted the argument. Manivel has already spent more than six months in custody. Singh will remain in custody.

Manivel’s release from prison comes with strict conditions, including her surrendering her passport and not appearing at any “points of departure”, magistrate Peter Reardon said.

Manivel’s case dates back to 2021 when Crypto.com mistakenly sent her AU$10.47m instead of the $100 she was due to receive.

This was a manual mistake made by an employee in the company’s Bulgarian office. Following the mistake, the woman went on a spending spree without notifying Crypto.com of the mistake.

Crypto.com eventually realized the mistake had been made and launched a lawsuit.

The cryptocurrency exchange began proceedings against the woman back in September 2022 and is determined to retrieve the money.

Crypto.com has mostly refused to comment on the case with Manivel and her legal team denying wrongdoing.

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Written by Alex


Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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