South African Brothers Disappear Along With $2.2 Billion Worth Of Bitcoin In a shocking turn of events, two brothers and founders of the Cape Town-based cryptocurrency investment platform Africrypt have seemingly vanished, taking with them $2.2 billion worth of clients' Bitcoin. This alarming situation has raised suspicions since April when Amir Khajii, the Chief Operating Officer of Africrypt, informed clients about a supposed hack and urged them not to contact authorities regarding the missing funds .
Background
Africrypt was launched in 2019 by the Khajii brothers, who quickly gained traction in the cryptocurrency investment space. However, after the hack announcement, red flags began to pop up, prompting investors to seek legal counsel. A group of investors turned to Hanekom Attorneys for assistance, leading to an investigation that has since exploded into a major scandal .
Investigation
Hanekom Attorneys have made several troubling discoveries as they probe the disappearance. It's reported that funds from Africrypt were transferred out of South Africa from both the company's accounts and client wallets, utilizing Bitcoin tumblers and mixers to obscure their trail. These actions have sparked fears that the funds may be irrevocably lost and efforts to trace them are now underway . Additionally, the South African priority crime investigation unit, known as The Hawks, has been notified to assist in the investigation, and cryptocurrency exchanges globally have been warned to be vigilant against any attempts by the brothers to convert the stolen Bitcoin .
Current Status
The situation has become increasingly dire, with liquidation proceedings initiated against Africrypt by yet another group of investors. While the brothers remain unreachable—calls to them are directed to voicemail—investors are left in a state of uncertainty. The official Africrypt website has also been taken offline, further complicating matters for those seeking clarity on their assets .
Community Thoughts
This incident highlights the emerging risks associated with cryptocurrency investments, especially regarding trust and security in such platforms. What do you think about the safety of investments in crypto platforms? Have any of you had similar experiences with investment platforms, whether positive or negative? Engage in the discussion below and share your thoughts!
