Home Bitcoin News Bitcoin Scam South African police investigating alleged Africrypt bitcoin rip-off – The Block Crypto

South African police investigating alleged Africrypt bitcoin rip-off – The Block Crypto

2 min read
Comments Off on South African police investigating alleged Africrypt bitcoin rip-off – The Block Crypto
19

commercial

Authorities in South Africa have launched an investigation into the Africrypt bitcoin (BTC) funding saga, according to Bloomberg on Tuesday, following complaints by individuals affected by the alleged theft of hundreds of thousands of {dollars} in BTC.

Raees and Ameer Cajee, the 2 central figures who ran the Africrypt platform, reportedly disappeared in April of final yr after informing traders of an alleged hack. Africrypt victims have now urged South African regulation enforcement to launch a probe into the matter.

In line with Bloomberg, the police in 4 South African provinces have begun a preliminary investigation.

The Africrypt scenario is just one of a number of high-profile bitcoin-related scams to return out of South Africa. One other such case, Mirror Buying and selling Worldwide (MTI), has attracted the eye of regulation enforcement in the USA over the alleged Ponzi scheme that siphoned 23,000 BTC from victims each in South Africa and throughout 170 nations.

These high-profile scams have additionally prompted South African regulators to maneuver in direction of enacting protective regulations in 2022.

Trending Tales

Adblock test (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Bitcoin Scam
Comments are closed.

Check Also

The First Crypto Mortgage: Bitcoin Continues to Quickly Broaden Throughout the US Markets

Crypto regulation has lengthy been a subject of debate in policymaking circles. Because th…