Posted on 06/29/2021 6:03:13 AM PDT by dynachrome
A lawyer for two brothers who founded a South African Bitcoin investment firm has told the BBC they categorically deny any involvement in a "heist".
Africrypt, founded by Raees and Ameer Cajee, "absconded" with Bitcoin then valued at about £2.6bn ($3.6bn), according to a complaint to police.
A law firm - Hanekom Attorneys - made the complaint in April on behalf of a group of investors.
But there is uncertainty over exactly how much crypto-currency is missing.
On its now inactive website, Africrypt described itself as "an investment firm exclusively focused on crypto-currency and blockchain technology".
The company, founded in 2019, told investors in only a few years it had grown from a one-man operation running out of a bedroom to "one of Africa's largest and most successful AI trading companies".
Hack claimed On 13 April, chief operating officer Ameer Cajee wrote to Africrypt clients announcing the firm had halted operations because of a hack.
Lawyer John Oosthuizen, who represents Raees and Ameer Cajee, told the BBC the brothers "categorically denied" they had been involved in a "heist" or had absconded with funds.
(Excerpt) Read more at bbc.com ...
You really should hold your Bitcoin in your own wallet.
Anyone using a 3rd party to store their most sensitive Bitcoin information needs their head examined.
There is no credible 3rd party to monitor and assure these businesses are safe, in any way.
I enjoy laughing at the posts here on Free Republic encouraging people to invest and take part in such schemes.
The future of money looks a lot like the past.
What? I can’t trust that African prince?🤣
Nothing wrong with investing in Bitcoin, if you are willing to accept the risks, but it’s just plain stupid to leave your BTC in someone else’s wallet.
Wait till the Afribloods hear what the Africrypts are up to.
LOL
The bad ones give the good ones a bad name.
Don’t ask how I know. ……
“Anyone using a 3rd party to store their most sensitive Bitcoin information needs their head examined.”
______________________________
That is my view on the various firms which hold gold and silver certificates for folks.
If you’re going to own it, OWN IT.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.