South African police investigate alleged Africrypt bitcoin scam

[ad_1]

advertising

South African authorities have opened an investigation into the Africrypt bitcoin (BTC) investment saga, according to Bloomberg on Tuesday, following complaints from people affected by the alleged theft of millions of dollars in BTC.

Raees and Ameer Cajee, the two central figures who ran the Africrypt platform, reportedly disappeared in April last year after telling investors about an alleged hack. Africrypt victims have now urged South African law enforcement to investigate the case.

According to Bloomberg, police in four South African provinces have opened a preliminary investigation.

Africrypt’s situation is just one of many large-scale bitcoin-related scams to come out of South Africa. Another such case, Mirror Trading International (MTI), has drawn the attention of law enforcement agencies in the United States over the alleged Ponzi scheme that allegedly siphoned 23,000 BTC from victims at a time in South Africa. South and in 170 countries.

These high-profile scams have also prompted South African regulators to pass protective regulations in 2022.

Trending Stories

[ad_2]