An Australian man, Kow Seng Chai, has gone into hiding after an erroneous transfer by a crypto exchange saw him pocket hundreds of thousands of dollars. The man received $995,000 from a deposit of $99,500 after the trading platform, Rhino Trading Ltd., mistakenly added an extra zero to the funds remitted to his portfolio. Court records showed that the erroneous transaction happened on January 25, 2024, and Rhino Trading didn’t discover the mistake till February 4. During that period, 37-year-old Chai transferred most of the money out of his account, making almost half a million dollars in profit.
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