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Friday, June 27, 2025

South African crypto platform founders disappear with $ 3.6 billion in bitcoin

Brothers Amir and Race Cage are suspected of stealing 69 thousand bitcoin. This could be the biggest cryptocurrency scam.

Two brothers, Amir and Race Cage, who founded the investment platform Africrypt, are suspected of stealing $ 3.6 billion in bitcoin, Bloomberg reported .

In April, company executives announced that it had been hacked and funds stolen. Users were asked not to contact law enforcement, as according to Amir Cage, this would make it difficult to return the cryptocurrency.

However, the investors turned to the law firm Hanekom Attorneys to investigate the incident. Africrypt employees reportedly lost access to the site a week before its founder announced the hack.

The case is also being investigated by an elite South African police force. It contacted cryptocurrency exchanges to prevent attackers from selling the stolen cryptocurrency.

However, when sending bitcoin, special services were used to confuse transactions. This makes it difficult to track the movement of funds. The site of the site is not available.

The Cage brothers launched Africrypt in 2019 and pledged high returns to investors. According to Bloomberg , the incident could be the largest cryptocurrency scam.

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