According to ChainCatcher, a cryptocurrency trader, Kow Seng Chai, deposited $65,000 in the cryptocurrency exchange OTCPro, but due to an error in the exchange, his balance had an extra zero, becoming $650,000. When the cryptocurrency exchange detected the error, the trader had already withdrawn the excess $585,000 and transferred it to another account.
Currently, the Supreme Court of Victoria, Australia has issued a freezing order on the account of cryptocurrency trader Kow Seng Chai. It is reported that in many jurisdictions, failure to declare and deliberately accepting incorrect payments (such as inaccurate refund amounts) constitutes theft.
But Shaanan Cohney, a lecturer in cybersecurity computing and information systems at the University of Melbourne, expressed his views on the situation, expressing doubts about the possibility of recovering funds in similar cases. Because in most cases, the person who received the funds will disappear without a trace. However, Kow Seng Chai is relatively close to the Australian Stock Exchange, making it possible to recover the funds.
