In line with new studies, Raees and Ameer Cajee, the 2 younger administrators of the just lately collapsed crypto funding agency, Africrypt, have “categorically denied” allegations they fleeced purchasers. As an alternative, the brothers insist their firm is the sufferer of a hack whereas additionally claiming that the media could also be overestimating the worth of the lacking bitcoins. These contemporary denials by Africrypt administrators come as doubts over the precise variety of stolen bitcoins proceed to mount.
Africrypt Administrators Have Little Life Expertise
Responding to an inquiry from BBC, John Oosthuizen, the lawyer representing Cajees instructed that accusations towards his purchasers had no basis and lacked “advantage.” Nonetheless, when requested if his purchasers had made a police report following the hacking incident, Oosthuizen stated “no.”
Nonetheless, the lawyer means that his purchasers, who’re considered aged 18 and 20, have “little or no life expertise.” In consequence, after they began receiving dying threats, their “first response was to maintain themselves and their households secure.”
Cajee Brothers Keen to Cooperate
Whereas Oosthuizen has not revealed the whereabouts of the Cajees, he has, nonetheless, stated his purchasers “would co-operate with any future inquiries by the authorities.” Nonetheless, the Cajees would solely do that as soon as they’ve been notified of an investigation, the lawyer defined.
In the meantime, doubts over the precise worth of the stolen bitcoins grew after an nameless Africrypt investor informed BBC that whereas the losses incurred had been appreciable “they had been very a lot lower than the billions that had been reported.”
Actually, an archive of Africrypt’s web site from Jan 2021 means that the funding agency had $100 million beneath administration. This determine is way lower than the reported $3.6 billion price of lacking bitcoins suggesting that preliminary figures had been inflated.
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