Africrypt Bitcoin brothers took money from "very dangerous people" they shouldn't have

Jan

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South Africa's Bitcoin brothers "stole from the wrong guy"

Raees and Ameer Cajee, the brothers who founded Africrypt, are on the run because they apparently took money from the wrong man.

"They stole from the wrong guy. There is nowhere on Earth they can hide," a source with intimate knowledge of the colourful characters in South Africa's underground told MyBroadband.

The man in question is Juan Meyer, a former business associate of Czech gangster Radovan Krejcir, who amaBhungane described as "a West Rand gold smuggler and illegal refinery owner".

The source, who spoke on condition of anonymity, said that there is no way you steal Meyer's money and get away with it for long.
 

Tman543

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At R50 Billion gone, I am sure you would have made a lot of people dangerous as in what they would do to get their monies back.

Feel sorry for the family though they will be targeted first.


That money probably bought them nice new passports as they would be the dumbest crypto scammers if they ever return to SA.
 

Syphonx

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This just makes me think that they were hacked, probably because they were piss poor with security. They obviously knew this guy was an investor and knew what would happen if they took his money.

With that knowledge, if you were planning an exit scam, you would make sure you were never found again. IE move to another country.
 

King_A

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South Africa's Bitcoin brothers "stole from the wrong guy"

Raees and Ameer Cajee, the brothers who founded Africrypt, are on the run because they apparently took money from the wrong man.

"They stole from the wrong guy. There is nowhere on Earth they can hide," a source with intimate knowledge of the colourful characters in South Africa's underground told MyBroadband.

The man in question is Juan Meyer, a former business associate of Czech gangster Radovan Krejcir, who amaBhungane described as "a West Rand gold smuggler and illegal refinery owner".

The source, who spoke on condition of anonymity, said that there is no way you steal Meyer's money and get away with it for long.
Criminals going after criminals lol. This is South A.
 

Vegeta

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This just makes me think that they were hacked,
This makes me think you are very very naive.
I'll dm you my bank details, deposit R1m and I'll give you 10% return every month, pinky promise.
 

Syphonx

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This makes me think you are very very naive.
I'll dm you my bank details, deposit R1m and I'll give you 10% return every month, pinky promise.
I've seen how absolutely pathetic small business IT security is, IE it doesn't exist. And of course a small time crypto exchange would be a prime target. So yes, they could have been hacked.

Or they are really **** at scamming.
 

Solarion

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@mybroadband's source. Does it make any sense to you why someone as familiar with the underworld as Juan Meyer would not 100% vet and verify who he is handing 50k clicks over too? These idiots are fresh out of school and barely shaving yet. It literally was a gamble tbh. I'm not defending these two clueless scrubs just saying it was a bad business decision and he needs to bear some responsibility.
 

acidrain

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@mybroadband's source. Does it make any sense to you why someone as familiar with the underworld as Juan Meyer would not 100% vet and verify who he is handing 50k clicks over too? These idiots are fresh out of school and barely shaving yet. It literally was a gamble tbh.

Gamble yes but criminals live by their own rules which is, "you rip me off, i'll make you disappear", so no vetting required because you'd be stupid to take money from someone like that if you weren't going to fulfil your promise.

It's like loan sharks giving money to desperate people. They don't care if you default because it's money or a body part.

Then again, maybe I watch too many holly wood movies.
 

TelkomUseless

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This just makes me think that they were hacked, probably because they were piss poor with security. They obviously knew this guy was an investor and knew what would happen if they took his money.

With that knowledge, if you were planning an exit scam, you would make sure you were never found again. IE move to another country.
there was an article where they were hacked before this venture too... yea double hacked lol.
 

Arthur

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Both can be true. Hacked with a $5m loss (as they claim), then deciding to cut their losses and abscond with the rest.
 
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