Crypto-exchange brothers disappear after client cash vanishes

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Crypto-exchange brothers disappear after client cash vanishes

3.6 billion dollars is said to have disappeared from a cryptocurrency exchange in South Africa, and the two brothers who run it have also vanished. According to lawyers representing some investors, if confirmed, the loss by the company called Afrikrypt would rank among the biggest losses for any cryptocurrency to date.

In a letter, seen by Reuters dated April 13th Afrocrypt CEO, Amir Ahajii told clients, their accounts had all been compromised. Due to a breach, the letter did not confirm how much money was missing, but it warned clients that trying to get their money back using lawyers would quote only delay the recovery process Aazhi and his brother and co-founder race have not been heard from since Darren.

Hanakam is a lawyer representing some investors. The coins were no doubt transferred or swapped into another cryptocurrency and with the view of getting it off the bitcoin network.

We suspect that these coins are currently still in or currently still subject to dark web mixes, dark web um interfaces and platforms to obfuscate, the identity of the wallet holders and to obfuscate the flow of this cryptocurrency transactions.

He added he’d, alerted other crypto exchanges of the case and that his firm had informed South Africa’s financial sector conduct authority, but that the agency can’t get involved as it does not regulate.