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Raees Cajee, accused of billions of dollars in crypto loss, says fractions are missing

South African crypto entrepreneurs tracked by investors claiming that billions of dollars in digital assets have disappeared say they are short of less than $ 5 million.

Raees Cajee, 21, and his 18-year-old brother Ameer founded Africrypt in 2019 as an invested fund. Bitcoin And other crypto tokens. But in April, Africyrpt said the system was hacked and tokens stolen. A lawyer hired by a dissatisfied investor said he could be short of $ 3.6 billion.

However, Raees Cajee said in an interview Monday that the company’s portfolio was never that big, in an interview from a place he didn’t disclose. “At the height of the market, we managed over $ 200 million,” said Cajee. He added that less than $ 5 million was not explained. Cajee said he and Ameer Cajee were hiding because they were threatened with murder.

According to investors, on April 13, Chief Operating Officer Ameer Cajee sent a letter to the client stating that Africrypt’s system, including the client’s account, had been compromised. He said the company was forced to shut down and would need “a considerable amount of time” to recover the funds it was lacking. He urged investors to avoid taking legal action. That may delay the collection of money.

The investor immediately hired a lawyer. One group held a South African company to understand what happened to the token. The company’s lawyer, Darren Hanecom, manages blockchain addresses where Africrypt or its part, Syndicate, once had $ 3.6 billion worth of assets but now has nothing. He states that he thinks he was doing it. Raees Cajee said Africrypt has never managed so much money for its clients.

Raees Cajee, accused of billions of dollars in crypto loss, says fractions are missing

Source link Raees Cajee, accused of billions of dollars in crypto loss, says fractions are missing

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