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

Jan

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

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