Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds

December 26, 2021 Bitcoin.com

Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company

November 18, 2021 Bitcoin.com

Africrypt hack

Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

November 12, 2021 Bitcoin.com

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for Million

Africrypt

An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

September 19, 2021 Bitcoin.com

Africrypt

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds

August 3, 2021 Bitcoin.com

Africrypt

A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Africrypt Bitcoin Heist: Contradicting Reports About the Directors Whereabouts Surface

July 27, 2021 Bitcoin.com

Africrypt hack

In a new twist to the Africrypt saga, two different reports have made contradicting claims about the whereabouts of Raees and Ameer Cajee, the two directors of the collapse bitcoin investment firm. However, both reports suggest the Cajees brothers had planned their escape prior to the alleged hacking incident in April. Vanuatu or Tanzania In […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows

June 27, 2021 Bitcoin.com

Africrypt

According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the missing bitcoins. These […]

Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst

$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

June 19, 2021 Bitcoin.com

Africrypt

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds. Disappearance of Investor Funds The financial […]

Africrypt hack

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