London Daily

Focus on the big picture.
Friday, Jun 20, 2025

South African Brothers Disappear, Along With $3.2 Billion Worth Of Bitcoin

South African Brothers Disappear, Along With $3.2 Billion Worth Of Bitcoin

Two brothers and founders of Cape Town-based cryptocurrency investment platform, Africrypt, have disappeared, potentially making off with $3.2 billion worth of their client’s bitcoin at current prices.
Investor suspicion in the platform began in April when Africrypt chief operating officer Ameer Cajee told clients there had been a hack and requested they not report the missing funds to authorities. He and his brother, Raees, founded the company in 2019. After receiving the ominous notice, a group of investors hired Hanekom Attorneys to investigate. The news was originally reported earlier this week by Kenya new site, BitcoinKE.

Hanekom Attorneys is currently investigating the situation, according to the report. So far, they have been unable to locate the Africrypt founders and have notified South Africa’s priority crime investigation unit, The Hawks. Crypto exchanges around the globe have also been placed on alert of the supposed theft in case the brothers attempt any coin conversions. A separate group of investors has proceeded with liquidation proceedings against the company.

During the ongoing investigation, Hanekom Attorneys discovered Africrypt’s pooled funds were transferred from its South African accounts and client wallets and put through bitcoin tumblers and mixers in an effort to make them untraceable.

Attempts to call either of the brothers went straight to voicemail. The company website has also been taken down.
Comments

A. Einstein 4 year ago
The brothers are probably now in one of the countries that newly accept Bitcoin as national currency. They would be the wealthiest people in the country and in effect control it.
Oh ya 4 year ago
A fool and his money are soon parted. Remember if you don't hold it yo don't own it. The government loves crypto also because they will be able to withdraw from your account also.

Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×