Founder of crypto platform Africrypt may abscond with $3.6 billion worth of BTC
Bloomberg news today comes after cryptocurrency investment platform Africrypt announced a hack around April 13, followed by the presentation of up to $3.6 billion in bitcoin from multiple wallets of company executives within hours. two of Africrypt’s founders, Raees and Ameer Cajee, fled to the UK within days of this incident and are currently multiple regulators are still investigating the matter. The reason the matter did not come to light is that Africrypt COO Ameer Cajee’s brother reportedly told the platform’s users that Africrypt was the victim of a hack and he asked them not to report the incident to lawyers and authorities as it would slow down the process of recovering lost funds. The matter was reported to the Financial Sector Conduct Authority (FSCA), Hawks and the South Australian Reserve Bank.