AfriCrypt exchange founders stole $ 3.6 billion of bitcoins

Even with its ups and downs, the cryptocurrency market is pretty attractive these days. However, as in other segments, when something is highly desirable, the likelihood of fraud and other crimes increases.

According to the latest news, the founders of the AfriCrypt Exchange platform have stolen $ 3.6 billion worth of bitcoins. The creators, brothers, are gone.

AfriCrypt founders steal millions of bitcoins

Means of communication report what is considered to be the largest cryptocurrency scam ever recorded. The founders of the AfriCrypt exchange, South African brothers Amir Keiji and Reis Keiji, reportedly stole $ 3.6 billion in bitcoin.

The exchange platform appeared in 2019, and thanks to its meteoric popularity, it has managed to collect over 50,000 bitcoins. However, in April of this year, Amir Kaji, the chief operating officer of AfriCrypto and the prime suspect in the crime, informed users that the platform had been attacked by hackers. In this regard, he asked investors not to inform the authorities about this and not to file lawsuits, arguing that these measures could become an obstacle to income growth and return on investment.

However, this information emerged a week after AfriCrypt employees lost access to server platforms. All indications are that this blockade occurred so that no one could detect suspicious movements with the funds administered by the system.

Despite these measures, it all came to light when a group of investors hired the law firm Hanekom Attoneys to investigate the situation. Thus, they learned that all bitcoins deposited with AfriCrypt had been transferred from South African accounts and customer wallets to various cryptocurrency-focused wallets and services, making them virtually impossible to track.

The case is already under investigation

You Hawks, or the South African Priority Crimes Authority, an organized crime organization, and the South African Financial Sector Oversight Authority have been informed of the case. However, the latter may not do much good as digital coins are not considered legal financial products.

On the other hand, some experts argue that the simple fact that AfriCrypt offers 10% daily ROI executed through the platform should be enough to raise suspicion. However, due to all this fever around cryptocurrencies, many users end up not analyzing all these details thoroughly.

Now it remains to catch the criminals and hope that the values ​​can be returned to their owners.