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3232Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt Directors
https://www.digit.info/investors-in-collapsed-south-african-crypto-platform-push-for-jailing-of-africrypt-directors/
Sat, 08 Jan 2022 14:30:02 +0000https://www.digit.info/2022/01/08/investors-in-collapsed-south-african-crypto-platform-push-for-jailing-of-africrypt-directors/Read more]]>A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor Injects More Than $5 Million […]
]]>Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds
https://www.digit.info/investors-in-collapsed-south-african-crypto-platform-reimbursed-a-portion-of-invested-funds/
Sun, 26 Dec 2021 14:30:43 +0000https://www.digit.info/2021/12/26/investors-in-collapsed-south-african-crypto-platform-reimbursed-a-portion-of-invested-funds/Read more]]>Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment […]
]]>Another Unnamed Investor Offers to Bail Out Collapsed South Africa Crypto Firm
https://www.digit.info/another-unnamed-investor-offers-to-bail-out-collapsed-south-africa-crypto-firm/
Wed, 08 Dec 2021 13:00:34 +0000https://www.digit.info/2021/12/08/another-unnamed-investor-offers-to-bail-out-collapsed-south-africa-crypto-firm/Read more]]>A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto […]
]]>Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
https://www.digit.info/creditors-of-collapsed-south-african-crypto-firm-vote-to-accept-offer-to-resuscitate-the-company/
Thu, 18 Nov 2021 08:30:11 +0000https://www.digit.info/2021/11/18/creditors-of-collapsed-south-african-crypto-firm-vote-to-accept-offer-to-resuscitate-the-company/Read more]]>Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]
]]>Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
https://www.digit.info/unnamed-south-african-investor-proposes-buying-51-stake-in-collapsed-crypto-firm-for-5-million/
Fri, 12 Nov 2021 03:00:58 +0000https://www.digit.info/2021/11/12/unnamed-south-african-investor-proposes-buying-51-stake-in-collapsed-crypto-firm-for-5-million/Read more]]>An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]
]]>Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform
https://www.digit.info/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform/
Sun, 19 Sep 2021 09:30:14 +0000https://www.digit.info/2021/09/19/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform/Read more]]>Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will […]
]]>South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds
https://www.digit.info/south-africa-bitcoin-heist-court-grants-liquidators-authority-to-track-missing-africrypt-investor-funds/
Tue, 03 Aug 2021 12:30:55 +0000https://www.digit.info/2021/08/03/south-africa-bitcoin-heist-court-grants-liquidators-authority-to-track-missing-africrypt-investor-funds/Read more]]>A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the […]
A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor Injects More Than $5 Million […]
Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment […]
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto […]
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]
Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will […]
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the […]