Statement from two South African brothers who hit Bitcoin: We receive death threats

Ameer Cajee and Raees Cajee, the founders of Africrypt trade in South Africa, which lately disappeared with $ 2.2 billion in Bitcoin, denied the accusations.

There was a big improve within the variety of fraudsters utilizing cryptocurrencies lately. Not too long ago, an occasion just like the Thodex case in Turkey occurred in South Africa.

Africrypt, a inventory trade based by Ameer Cajee and his youthful brother Raees Cajee in 2019 and have become highly regarded, He was misplaced with $ 2.2 billion Bitcoin.

The two brothers, who claimed that they had been cyber-attacked and that the hackers stole the Bitcoins by contacting the traders, mentioned that if the traders went to the police, the hackers wouldn’t return the Bitcoins and gained time.


Raees Cajee, co-founder of South African crypto funding platform AfriCrypt, denied allegations that he and his brother had fled with billions of investor funds and claimed that the platform misplaced $5 million because of a hack assault.


on 28 June The Wall Road JournalTalking to , Raees disputed the costs towards AfriCrypt and its co-founders and mentioned they determined to enter hiding after receiving death threats.

Statement from two South African brothers who hit Bitcoin: We receive death threats #1

Raees additionally denied stealing $2.2 billion value of Bitcoin and claimed that $200 million was traded on the trade throughout Bitcoin’s peak in April.

Regulation agency Hanekom Attorneys, which represents AfriCrypt’s shoppers, says the founding brothers transferred $3.6 billion in Bitcoin to completely different accounts earlier than they fled.

Incident if the allegations towards AfriCrypt are truewill go on report because the nation’s largest confirmed crypto rip-off thus far.

Beforehand primarily based in South Africa Mirror Buying and selling Worldwide defrauded its traders for $800 million.


South Africa’s Monetary Sector Conduct Authority (FSCA) issued a press release relating to the case on June 24, stating that the Africrypt trade has ponzi-like options.

Nonetheless, the FSCA says it can’t take any motion towards AfriCrypt as crypto property are at present not regulated in South Africa.

In keeping with native media experiences, the two brothers, who are at present in hiding, He’ll seem to attend the courtroom listening to, which is able to happen on July 19.

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