[ad_1]
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” the allegations that they stole clients. Instead, the brothers insist their business is the victim of a hack while claiming the media may be overestimating the value of the missing bitcoins. These new denials from Africrypt administrators come as doubts about the actual number of stolen bitcoins continue to mount.
Africrypt directors have little life experience
Responding to a BBC investigation, John Oosthuizen, the attorney representing Cajees suggested that the charges against his clients were unfounded and lacking “merit”. Yet when asked if his clients had filed a police report following the hacking incident, Oosthuizen replied “no”.
Still, the lawyer suggests his clients, who are said to be between the ages of 18 and 20, have “very little life experience.” As a result, when they started receiving death threats, their “first reaction was to protect themselves and their families.”
The Cajee brothers ready to cooperate
Although Oosthuizen did not disclose the whereabouts of the Cajees, he nevertheless said his clients “would cooperate with any future investigation by authorities.” Still, the Cajees would only do so once they were made aware of an investigation, the lawyer said.
Meanwhile, doubts over the exact value of the stolen bitcoins grew after an anonymous Africrypt investor told the BBC that while the losses incurred were substantial “they were well below the billions that had been reported.”
In fact, an archive from Africrypt’s website from January 2021 suggests the investment firm had $ 100 million under management. This figure is far lower than the reported $ 3.6 billion in missing bitcoin, suggesting that the original numbers have been inflated.
Do you believe the Cajee brothers claim that Africrypt is the victim of a hack? Let us know what you think in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.
[ad_2]
picture credit