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South African Brothers Vanish With $3.6 Billion In Bitcoin - Investment - Nairaland

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South African Brothers Vanish With $3.6 Billion In Bitcoin by Thinkfree(m): 7:07am On Jun 24
A pair of South African brothers who ran a cryptocurrency investment platform called Africypt have gone into hiding along with investors funds worth $3.6 billion in Bitcoin.

Two brothers named Ameer Cajee who acted as the Chief Operating Officer (COO) and Raees Cajee who acted as the Chief Executive Officer (CEO) started a cryptocurrency company called “Africrypt” in Johannesburg, a supposed currency exchange service.

Africrypt provided all-around solutions, including investment opportunities on cryptocurrency and blockchain technology; brokerage services proffering an electronic, off-exchange digital liquidity solution; payment services providing secured digital payments across the domestic, offshore and international market; and full-suite consulting and advisory services for merchant banks and services for the digital world.

The first signs of trouble came in April, when Africrypt COO Ameer Cajee, informed clients that the company was the victim of a hack. He asked investors not to report the incident to lawyers and authorities, as it would slow down the recovery process of the missing funds.

Some sceptical investors did not listen to the request not to alert authorities by the COO and contacted a law firm, Hanekom Attorneys while another group of investors started liquidation proceedings against Africrypt. The law firm said they could not locate the brothers and reported the matter to the Hawks, an elite unit of the national police force.

Cryptocurrency exchanges across the globe have also been alerted should any attempt be made to convert the digital coins to cash.

https://nairametrics.com/2021/06/23/south-african-brothers-vanish-with-3-6-billion-in-bitcoin/?amp
Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by lilvicky68(m): 7:16am On Jun 24
Wow
Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by Iceyjayz: 7:26am On Jun 24
I'm definitely sure they will blame Nigerians again, lazy xenophobic people.

2 Likes

Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by mimilogistics: 7:33am On Jun 24
Hmmmm
Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by Shabaleen: 7:37am On Jun 24
just watch those mofos blame nigerians for dis

3 Likes

Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by Pierocash(m): 7:47am On Jun 24
Lol

They alerted global exchanges should they want to change it to cash.

One,they would have converted a larger part of the sum before going into hiding.

Two,they don't need to convert it directly,all they need do is transfer the btc to a proxy,and convert it through proxy account

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Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by Judicible(m): 7:57am On Jun 24
3.6 whaaat
Abeg how much is 3.6billion dollars in naira
Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by yrret: 8:02am On Jun 24
This is huge!
Re: South African Brothers Vanish With $3.6 Billion In Bitcoin by hybrid11(m): 8:14am On Jun 24
Any bounty on their heads? Let me go in search for them
$3.6 billion
Just put $1m each for them

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