Africrypt founder says only R72 million in Bitcoin was lost in hack

[Jan]

South African Bitcoin brother reveals how much is missing — and it is not R51 billion

Raees Cajee, who founded Africrypt with his brother Ameer, told The Wall Street Journal that less than $5 million (R72 million) was lost when their platform was hacked.

Bloomberg previously reported that the South African brothers have vanished, along with Bitcoin worth $3.6 billion from their cryptocurrency investment platform.

Cajee told The Wall Street Journal Africrypt's cryptocurrency portfolio was never close to that size.

"At the height of the market, we were managing just over $200 million," he said, adding that no more than $5 million is unaccounted for.

 

[Willie Trombone]

 

[chrisc]

Only? Just figures

 

[Sapphiron]

"listen properly"

 

[P924]

You don't stop operations and flee the country if you lost $5m out of $200m...

 

[Easter Bunny]

oh, so it's not R51billion, it's just R72million. that's ok then. i'm glad they cleared it up and pinky-swore that they're telling the truth.

 

[Iamn0tageek]

We need to hear their side of the story first. In person.

There's always two sides to a story. They could be innocent.

 

[Matt91]

We need to hear their side of the story first. In person.

There's always two sides to a story. They could be innocent.

Yes, but running away and hiding certainly makes you look guilty.

 

[LiberateZANow]

These two greedy bastard are lying about this hacking story, they have done this twice before and its the third time now

Lightning strikes twice for Africrypt’s Cajee brothers

This is not the first time their crypto schemes have been 'hacked'.

www.moneyweb.co.za

 

[LiberateZANow]

You don't stop operations and flee the country if you lost $5m out of $200m...

Yes and why run if its not your fault?

 

[Longboi]

Those shady looking slumous have a history of claiming hacks and fleeing. This is the 3rd time - it made the news now because of the large amounts involved.

 

[Iamn0tageek]

Yes, but running away and hiding certainly makes you look guilty.

I agree.

 

[_TrXtR_]

Yes and why run if its not your fault?

They wernt running from the popo man.

 

[boboudts]

These two greedy bastard are lying about this hacking story, they have done this twice before and its the third time now

Lightning strikes twice for Africrypt’s Cajee brothers

This is not the first time their crypto schemes have been 'hacked'.

www.moneyweb.co.za

Just another Gupta gang!

 

[PsyWulf]

We need to hear their side of the story first. In person.

There's always two sides to a story. They could be innocent.

Eh,no,they ran a ponzi,getting robbed or not is inconsequential - innocent they are not

 

[Speedster]

These numbers are far more plausible

 

[supersunbird]

These numbers are far more plausible

Yeah, I wonder if Darren Hanekom is totally honest with his figures.

 

[Speedster]

Yeah, I wonder if Darren Hanekom is totally honest with his figures.

Or simply clueless. It seems he based his numbers on deposits to the tumbler address Africrypt was using.