Report: Founders Of South African Investment Platform Abscond With .3 Billion In Bitcoin

Correction: When first published, this article described Africrytp as a cryptocurrency exchange. More accurately, it was a cryptocurrency investment platform.

The founders of South African cryptocurrency investment platform Africrypt, two brothers named Ameer and Raees Cajee, have reportedly vanished, as has more than $2.3 billion in bitcoin belonging to clients.

“A Cape Town law firm hired by investors say they can’t locate the brothers and has reported the matter to the Hawks, an elite unit of the national police force,” Bloomberg reported. “Following a surge in bitcoin’s value in the past year, the disappearance of about 69,000 coins — worth more than $4 billion at their April peak — would represent the biggest-ever dollar loss in a cryptocurrency scam.”



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