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June 26, 2021, 9:45 AM WAT
New Informate 3 hours wey don pass
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Bitcoin and digital money.
Di two brothers behind Africrypt say they have no hand for a “Bitcoin scam”.
Raees and Ameer Cajee’s lawyer give the BBC an alleged sum of $ 3.6 billion.
A complaint filed with the South African police says:
Africrypt [Bitcoin investment firm] bin “disappear” with Bitcoin of about $ 2.6 billion ($ 3.6 billion).
A law firm – Hanekom Attorneys – filed an April complaint on behalf of a group of investors.
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Bitcoin balloon burst
But it’s not clear exactly how much cryptocurrency is missing.
For the now inactive website, Africrypt describes itself as “an investment company focused exclusively on cryptocurrency and blockchain technology.”
Di company, wey dem start for 2019, tell investors to say that just a few years, they don’t go from one man to one bedroom surgery to make the call:
“One of Africa’s largest and most successful AI trading companies.”
Africrypt claims piracy
On April 13, COO Ameer Cajee wrote Africrypt customers to let them know that they would not be shutting down operations for a single hack.
“Our system, our accounts receivable, our client portfolios and our nodes are all compromised,” he writes.
The letter advised investors not to pursue the “legal route” as this only “delays the recovery process”.
Some of the investors no longer have access to the money they represent, represented by the Hanekom Attorneys law firm.
For a complaint we sent to the elite South African police unit, known as Di Hawks, the law firm said that Bitcoin’s value dem at $ 3.6 billion does ” disappeared “,
Dem tok says that the use of “various dark web tumblers and mixers does not help the wia di bitcoin investigation.
They talked about the technologies that make it harder to track bitcoin.
Law firm says analysis makes them believe, Tori says of hack fit no dey true.
Wetin di brothers tok?
Lawyer John Oosthuizen, who represents Raees and Ameer Cajee, told the BBC that the brothers “categorically deny” that they are involved in a “heist” or that they disappear with funds.
“Di’s accusations have no merit and merit,” he said.
“They continue, say na hack, and they steal their property,” he adds.
It did not confer a value of $ 3.6 billion for the bitcoin we are missing, and note that media reports suggest the value is not overestimated.
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Bitcoin balloon bursts
While the BBC asked if the brothers were not contacting the police after an alleged hack, Mr Oosthuizen replied: “No”.
But we add that they are young men between the ages of 18 and 20 with “very little life experience”.
I am saying that the brothers do not receive death threats and their first reaction is to protect themselves and their families.
I say that I am working to prepare a case to demonstrate to the authorities that they hacked Africrypt and that the brothers were victims of theft.
I say Raees and Ameer Cajee are fit to cooperate with any future investigation by authorities.
But right now, no one is advising them of an investigation.
Wetin we know di brothers- Raees and Ameer Cajee
Raees is 20 years old and im life has been cryptocurrency and blockchain technology.
He entered with 5 accolades for 2018 with 100% for information technology, according to the website of wetin dem put for dia
I get 98% for economics and 95% for applied mathematics.
Raees found a business in 2013 for a small room for a small house for Robertsham south of Johannesburg. E be only 13 years old at the time of the date.
Founder and CEO of Africrypt, Raees Cajee first discovered Bitcoin in 2009 while watching the news with my dad and since becoming addicted.
Raees’ passion for cryptocurrency led me to start mine ETH wen im dey school.
But with the rapid growth of the blockchain and cryptocurrency industry, I am starting to create my own artificial intelligence models that will become an AI-based trading system.
Ameer na di Co-founder of Africrypt He also co-founded and is the COO of RaeCreate Wealth, a quantitative-oriented cryptocurrency fund.
Before now, I was responsible for macro trading for RaeCreate Wealth. Na im be di personal equity trader for two years before embarking on derivatives trading for two years.
Ameer has gained extensive experience in the financial markets.
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Like any oda currency, they also mine bitcoin through special computer code.
How much Bitcoin dey dia keeps?
Many questions are not asked because pipo dey asks for the amount of Bitcoin Africrypt wey di Brother holds.
Investors who follow the BBC on condition of anonymity say the losses are substantial and far less than the billions reported in the media.
An archive from Africrypt’s website from January 2021 also suggests they hold less than $ 3.6 billion in assets: “We manage over $ 100 million on our venture capital fund and platform. AI-based trading, ”one reads.
Di Financial Sector Conduct Authority (FSCA) for a press release says:
Cryptoassets are not regulated for South Africa “and therefore the FSCA is unable to take regulatory action.”
According to Africrypt’s press release, “they offer exceptionally high and unrealistic returns.”
Di BBC does not ask the South African police if the investigation does not start at the top di mata but does not respond.
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