Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com

Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between account names, the transaction was rejected, but an error by a Bulgarian employee led to a $10.47 million refund to his partner’s account. Singh, who initially believed he had won an online raffle, spent millions on properties and gifts. When Crypto.com realized the mistake, Singh had his partner transfer $4 million to Malaysia. She was later arrested while attempting to flee. Singh has pleaded guilty to stealing $6.09 million, and his defense argues for leniency given his year in remand. However, prosecutors demand a jail sentence. The court will sentence Singh later this month, with his former partner having already received a lighter sentence last year.