The owner of the company also disappeared along with bitcoin worth about Rs 26,700 crore, know the whole matter

NDTV Gadgets 360 Hindi

Africrypt, a cryptocurrency investment firm in South Africa, is under global scrutiny as bitcoin worth $3.6 billion (about Rs 26,700 crore) disappeared from the company. What is even more shocking is that the two brothers who run the firm – CEO Raees Cajee and COO Ameer Cajee – are not known. It all started two months ago, when the brothers claimed that the firm had been hacked, forcing them to shut down operations.

The two brothers then forbade cryptocurrency investors from reporting the matter to the police, saying that if anyone did, the company’s wallet could put 3.6 billion worth of digital currency at risk. The company’s website is also not operational.

According to a report in Bloomberg, calls from both the brothers are being forwarded on voicemail. A group of about 20 people has hired a law firm and courts in South Africa have ordered the temporary liquidation of that company. The company was started two years back and initially it gave huge returns to the investors.

As The Register reports, the whereabouts of 21-year-old Raees and 17-year-old Amir are not known, but they have until July to appeal against the order. Investors were last approached on April 13 on behalf of both the brothers. They said they don’t know whether customer information was compromised in the “attack.” However, they promised that they would notify all investors if they were able to recover “stolen funds or compromised information”.

Meanwhile, Zakira Laher, their cousin and a former fellow director at Africrypt, has to deal with a flurry of phone calls from the media and the police to investors. According to Business Insider, he says he does not know where the two brothers are and fears for their family’s safety.<!–



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