Australian prosecutors are making sentencing recommendations for a Crypto com misdirected funds case. In May 2021, Crypto com mistakenly transferred $6.86 million (A$10.47 million) to Thevamanogari Manivel and Jatinder Singh due to an internal error instead of the original A$100 refund. Singh then purchased multiple properties and gave A$1 million to his friends. At the latest court hearing on August 2, prosecutors advocated a prison sentence for Singh, while Singh's lawyer argued that he did not fully understand the severity. (Cointelegraph)