Africrypt – DIGIT INFO

Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt Directors

DIGIT — Sat, 08 Jan 2022 14:30:02 +0000

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 […]

Go to Source

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

DIGIT — Fri, 12 Nov 2021 03:00:58 +0000

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 […]

Go to Source

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

DIGIT — Sun, 19 Sep 2021 09:30:14 +0000

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 […]

Go to Source

Two Masterminds in Last Ditch Effort to Stall Liquidation of MTI

DIGIT — Wed, 04 Aug 2021 10:00:56 +0000

In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts at Declaring MTI a Ponzi Scheme In a court filing […]

Go to Source

South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds

DIGIT — Tue, 03 Aug 2021 12:30:55 +0000

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 […]

Go to Source

Africrypt turns sour on investors: Founders flee as court cases build up

DIGIT — Sat, 10 Jul 2021 11:14:23 +0000

Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal.

Go to Source

South African asset manager denies stealing billions from users, claims $5M was lost in hack

DIGIT — Tue, 29 Jun 2021 03:50:50 +0000

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.”

Go to Source

Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows

DIGIT — Sun, 27 Jun 2021 09:00:00 +0000

According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These […]

Go to Source

Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’

DIGIT — Fri, 25 Jun 2021 12:00:17 +0000

Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.” A Large Number of Scams While the FSCA […]

Go to Source

$3.6B in Bitcoin vanishes in ‘hack’ along with owners of South African crypto platform

DIGIT — Thu, 24 Jun 2021 01:36:41 +0000

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack?

Go to Source