A man in Australia has reportedly disappeared after a crypto exchange mistakenly sent his account more than $585,000.

According to a new Australian Broadcasting Corporation (ABC) report, cryptocurrency trading platform Rhino Trading Pty Ltd, which operates OTCPro, allegedly slipped up and added a zero to an account deposit made by 37-year-old Mildura man Kow Seng Chai.

The platform’s efforts to make contact with Chai to have the money returned were not successful and the company turned to the courts.

Court documents cited by ABC show that the crypto exchange successfully asked the Victorian Supreme Court to freeze Chai’s assets and prohibit his departure from Australia.

On January 25th, OTCPro received a $99,500 AUD deposit from the Chai through an account set up by his business Lotte Enterprise Pty Ltd, according to the report.

However, when the trading platform credited this account it added $995,000 AUD, not $99,500 AUD, wrongly giving the customer about $585,000 USD.

The platform failed to notice the discrepancy until February 4th but by then, Chai is alleged to have used account funds to purchase USDT, the stablecoin issued by Tether, and also to have withdrawn the maximum daily allowable amount of money over multiple days.

Per the cited court documents, Chai’s account totaled $1.36 million AUD after the mistaken credit, and over the span of 10 days, he allegedly withdrew about $956,000 AUD.

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