South Africa

Youthful South African Brothers Vanish With Bitcoin Worth R54 BILLION From “Investment Platform”

Two South African brothers who were running a “cryptocurrency investment platform” have vanished together with 69,000 bitcoin from the Africrypt platform. The bitcoins are worth a massive R54 billion ( approximately US$3.6 billion).

The two brothers, 21-year old Raees Cajee and 18-year-old Ameer Cajee are suspected to have fled to the United Kingdom with the funds. Raees was the founder and CEO of Africrypt while Ameer was the Chief Operating Officer of the platform which was founded in 2019.

According to local media, Africrypt offered investors mouth-watering lucrative returns on their investments. Moneyweb reports that some investors were even offered an outrageous 10 percent return on investment per day.





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