Africrypt was a South African cryptocurrency investment company that was founded in 2019. In April 2021, the company’s founders, Raees and Ameer Cajee, disappeared with an estimated $3.6 billion worth of Bitcoin investments from their clients. The Cajee brothers claimed that the funds had been stolen in a hack, but many investors and experts believe that the brothers staged the hack and used the stolen funds to disappear. The Africrypt scam is one of the largest cryptocurrency frauds in history and has highlighted the risks associated with unregulated cryptocurrency investments. The South African authorities have launched an investigation into the matter, but it is unclear whether the investors will be able to recover their lost funds.
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