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Africrypt liquidation

Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt Directors

Investors in Collapsed South African Crypto Platform Push for Jailing of Africrypt DirectorsA group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor Injects More Than $5 Million […]

LastPass threat actor steals $5.4M from victims just a week before Xmas

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

Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested FundsInvestors 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 […]

LastPass threat actor steals $5.4M from victims just a week before Xmas

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

Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the CompanyCreditors 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 […]

LastPass threat actor steals $5.4M from victims just a week before Xmas

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

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for  MillionAn 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 […]

LastPass threat actor steals $5.4M from victims just a week before Xmas

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

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual PlatformAmeer 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 […]

LastPass threat actor steals $5.4M from victims just a week before Xmas

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

South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor FundsA 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 […]

LastPass threat actor steals $5.4M from victims just a week before Xmas