Africrypt founders are facing mounting pressure to come forward to authorities as investigators delve into one of the biggest cryptocurrency thefts in the country. Africrypt investors have been left in the dark and out of pocket following what the Cajee brothers claimed was a hacking incident that saw the company’s cryptocurrency holdings stolen. Founders of the South African crypto company founder went into hiding after they claimed they received death threats. 

 

Africrypt promised lucrative returns on investments.

Cajee brothers headed up the purported investment firm, which promised lucrative returns on investments, as per its 2020 investor presentation. Clients of African could either make South African rand or Bitcoin deposits to Africrypt, which then managed those investments. Things fell apart in April 2021 after Raees Cajee informed investors through a letter that hackers had allegedly stolen an unconfirmed amount of its holdings. Later,…

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