Africrypt Scam: $2.30B Reported Loss
According to Bloomberg News, the founder of the cryptocurrency investment platform Africrypt lost contact and 69,000 bitcoins (currently valued at approximately US$2.3 billion) on the platform were transferred.
- Reported loss
- $ 2,300,000,000
- Attack category
- Scam
Incident Overview
At 4 o'clock, Ameer Cajee, chief operating officer of Africrypt, told the client that the platform was hacked and asked them not to report the lost funds to the authorities. The investor has since hired a lawyer to conduct an investigation, but the lawyer has not been able to contact the founder of the company and has notified the South African Criminal Investigation Department. In addition, the lawyer found that funds on the Africrypt platform were transferred from their accounts and customer wallets, and made it untraceable through the Bitcoin mixer.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.