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Crypto exchange founders disappeared with $3.6 billion worth of Bitcoins

The two founding brothers of the South African cryptocurrency investment company Africrypt disappeared along with the money of platform users – 69,000 bitcoins, worth $ 3.6 billion, Bloomberg wrote.

Back in April, the company’s CEO Amir Kaji, the eldest of the brothers, told clients that the company had been hacked. Kaji asked investors not to contact lawyers and authorities: he said that this would slow down the process of returning lost money, Bloomberg told Bloomberg.

Some investors were skeptical and hired Hanekom Attorneys, a law firm. She told Bloomberg that she was immediately suspicious of the request from the CEO of Africrypt. “Africrypt employees lost access to the back-end platform seven days before the alleged attack,” Hanekom Attorneys said.

The company was unable to locate the brothers. She found out that bitcoins were withdrawn from Africrypt accounts in South Africa and passed through large mining pools, after which it became impossible to trace the cryptocurrency.

The case was turned over to an elite South African police unit. She did not respond to a Bloomberg request. Another company has started to liquidate Africrypt, the agency wrote.

Amir Kaji launched Africrypt in 2019 with his 20-year-old brother Rais. At the peak of the value of bitcoin in April, the missing bitcoins were estimated at more than $ 4 billion, Bloomberg noted. This may be the largest amount of cryptocurrency fraud in dollars, the agency admitted.

Last year, cryptocurrency trader Mirror Trading International crashed in South Africa: then investors lost 23,000 bitcoins worth $ 1.2 billion, the analytical company Chainalysis quoted Bloomberg as saying. The case of Africrypt is being studied by the financial regulator of South Africa, but it cannot start an official investigation, since the cryptocurrency is not considered a financial product in the country, Bloomberg noted.

In April, the founder of the Turkish crypto exchange Thodex, Faruk Fatih Ozer, went missing. As the Turkish agency DHA reported, a top manager left Turkey with $ 2 billion of investors’ money in cryptocurrency. Thodex also abruptly suspended trading in April, and announced on April 22 that it lacked the financial backing to continue operations.

Helen Hernandez is our best writer. Helen writes about social news and celebrity gossip. She loves watching movies since childhood. Email: Helen@oicanadian.com Phone : +1 281-333-2229

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