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South African authorities have launched an investigation into the bitcoin investment saga Africrypt (BTC), Bloomberg reported on Tuesday, following complaints from people affected by the alleged theft of millions of dollars in BTC.
Rais and Amir Kaji, the two central figures running the Africrypt platform, reportedly disappeared last April after informing investors of an alleged hack. The Africrypt victims have now called on South African law enforcement to investigate the matter.
Police in four South African provinces have launched a preliminary investigation, according to Bloomberg.
The Africrypt situation is just one of several high-profile bitcoin-related scams from South Africa. Another such case, Mirror Trading International (MTI), has drawn the attention of US law enforcement over the alleged Ponzi scheme, which siphoned 23,000 BTC from victims in both South Africa and 170 countries.
These high-profile scams have also prompted South African regulators to move towards enacting safeguards rules in 2022.
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