Capitalize Financial
No Result
View All Result
Sunday, January 29, 2023
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
Capitalize Financial
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Sports

Founders of South African Crypto Investment Firm Along With $3.6B in Bitcoin Are Missing

by capitalizefinancial
June 24, 2021
in Sports
0
Founders of South African Crypto Investment Firm Along With $3.6B in Bitcoin Are Missing

The founders of South Africa-based crypto investment firm AfriCrypt have disappeared along with 69,000 bitcoins — worth an estimated $3.6 billion — according to a report from Bloomberg on Wednesday.

In mid-April, AfriCrypt’s investors were sent an email claiming that the platform was shutting down and freezing all accounts following a hack that compromised client accounts, wallets, and nodes. Investors were reportedly asked not to report the hack to law enforcement, which the founders claimed would slow down the recovery process.

However, shortly after the so-called hack, AfriCrypt’s founders — 20-year-old Ameer Cajee and 17-year-old Raees Cajee — allegedly transferred the pooled investor funds from an account at Johannesburg-based First National Bank (FNB) and disappeared to the UK. Since freezing the accounts, the Cajee brothers have apparently shuttered AfriCrypt’s website and have not returned investors’ calls.

The incident follows closely after the South African Mirror Trading International (MTI) crypto scam, which defrauded investors of over $589 million according to Chainalysis’ 2021 Crypto Crime Report. Crypto scams are nothing new, but AfriCrypt could rank as one of the largest crypto cons in history.

Read more…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.
  • Trending
  • Comments
  • Latest

Capital One Savings Account Rates for November 2022

Gas Prices Today, October 22, 2022: Check the cheapest Gas Stations Today

7 personal finance tips for Gen Z, from a Gen Xer

NASA’s Orion spacecraft breaks Apollo 13 flight record

10 Best Finance Podcasts for 2023

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Finance industry sacks staff as economy falters

7 personal finance tips for Gen Z, from a Gen Xer

Recent News

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • health
  • Markets
  • Music
  • Opinion
  • Politics
  • Real Estate
  • Science
  • Sports
  • Tech
  • World

Site Navigation

  • Contact Us
  • Privacy & Policy
  • Terms Of Service
  • Unsubscribe

© 2021 capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 capitalize Financial All Rights Reserved