South African Brothers Disappear with $3.6B in Alleged Bitcoin Heist

According to reports, two brothers from South Africa are suspects in an alleged Bitcoin heist.

Ameer and Raees Cajee allegedly used their crypto investment service, Africrypt, originally launched in 2019, to make off with $3.6 billion worth in Bitcoin. Reports say Ameer reached out to investors back in April, alerting them of an apparent breach. However, Ameer implored investors against reporting the hack as it would hamper efforts to recover from the hacking.

Hanekom Attorneys, a firm focusing on “all aspects of the cryptocurrency industry” and advises “large-volume traders, exchanges, and arbitrage companies,” was contacted by a group of skeptical investors after the alleged hack.

“We were immediately suspicious as the announcement implored investors not to take legal action,” the law firm said in a statement. “Africrypt employees lost access to the back-end platforms seven days before the alleged hack.”

The firm concluded from its investigation that “Africrypt’s pooled funds were transferred from its South African accounts and client wallets, and pooled with other bitcoin transactions in order to make them untraceable.” However, Hanekom Attorneys noted that they can’t conduct a complete investigation because cryptos aren’t considered legal financial products.

Source: nypost.com

... More