South Africa’s Financial Sector Conduct Authority has warned the public to be cautious in dealing with Binance, the world’s largest cryptocurrency exchange.
Author: Ciaran Ryan
The high court has granted the liquidators of Africrypt additional powers to track down missing funds, and to sell assets and property belonging to the company.
Hamilton Cheong, a South African-born forensic sleuth, has spent the last few weeks assisting law enforcement agencies around the world unpack what happened to the Africrypt billions.
Raees Cajee has emerged from hiding in Tanzania to oppose the final liquidation of Africrypt, the bitcoin investment scheme that was allegedly hacked and emptied of R54-billion.
The South African Revenue Service has made it more difficult for taxpayers to get approval on crypto arbitrage trades using their R10-million/year foreign investment allowance.
Collapsed bitcoin scheme Mirror Trading International was placed in final liquidation this week by the Western Cape high court.
It seems lightning does strike twice for Raees and Ameer Cajee, the two brothers behind Africrypt, the company that was supposedly hacked and whose wallets were emptied of R51-billion in crypto money in April.
While thousands of investors were scrambling to find out what happened to funds they had invested in failed crypto scam MTI, a far bigger crypto disappearing act has been playing out.
Court papers filed by the liquidators for failed crypto scam Mirror Trading International have lifted the curtain on one of the most extraordinary investment rip-offs in South Africa’s history.
South Africa’s three largest cryptocurrency exchanges say they have been approached by the South African Revenue Service as part of a tax risk assessment exercise on residents.