South Africa will require that crypto exchanges in the country operate with licences by the end of the year.
Browsing: Africrypt
A group of out-of-pocket bitcoin investors is pushing for criminal charges against the South African brothers who ran a suspected fraudulent cryptocurrency platform.
Another mystery investor has appeared with an offer to bail out investors in the failed Africrypt cryptocurrency scheme.
There might be some Christmas cheer after all for Africrypt investors, who have voted to accept an offer of R77-million from a mystery investor.
An unnamed investor has proposed stumping up $5-million for a 51% stake in the company, provided criminal proceedings against the Cajees are dropped.
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.
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.
The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that a financial sector regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike.