Two brothers and founders of the cryptocurrency investment platform based in Cape Town, Africrypt, have disappeared, with $2.2 billion in bitcoin profits from their customers, according to a Bloomberg report.
Investors’ suspicion of the platform began in April when Africrypt CEO Ameer Cajee told customers there had been a breach and asked them not to report the lost funds to authorities. He and his brother, Raees, founded the company in 2019. Following the warning, a team of investors hired Hanekom Attorneys investigators to look into the matter. The news first came to light earlier this week on Kenya’s BitcoinKE website.
Hanekom Attorneys is currently investigating the situation, according to the report. So far, they have not been able to identify the founders of Africrypt and have informed the South African authorities. Cryptocurrency trading platforms around the world have been alerted to alleged theft in the event of siblings attempting currency conversions. A separate group of investors proceeded with liquidation proceedings against the company.
During the current investigation, Hanekom Attorneys discovered that Africrypt’s funds were transferred from its accounts in South Africa and its client wallets via bitcoin tools in an attempt to make them undetectable.
Bloomberg tried to call one of the brothers but had no luck. The company website has also crashed.