Africrypt Bitcoin Heist: Conflicting Reviews on the Location Floor of Directors – Bitcoin Regulation Information

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In a brand new twist on the Africrypt saga, two totally different studies have made conflicting claims in regards to the destiny of Raees and Ameer Cajee, the 2 administrators of the collapsing bitcoin funding agency. Nevertheless, each studies counsel that the Cajees brothers had deliberate their escape earlier than the alleged hacking incident in April.

Vanuatu or Tanzania

In his report, the British Each day Mail newspaper claims to have seen paperwork suggesting that Raees bought Vanuatu citizenship for round $ 131,000 (£ 95,000) in October 2020. About three months later, Ameer would make an analogous buy. The identical report quotes the Cajees brothers as suggesting their disappearance was prompted by fears {that a} legal gang would need to hurt them.

Curiously, the brothers’ claims that they fled South Africa to keep away from being injured by an organized crime syndicate look like corroborated by a report from Moneyweb. On this report, the Cajees brothers are cited as claiming to have acquired dying threats following the Africrypt collapse. It’s these dying threats that Raees makes use of to justify their joint resolution to flee the nation.

Nevertheless, in its report, South Africa-based Moneyweb seems to contradict the declare that Raees and her brother are in hiding in Vanuatu. As a substitute, he factors to an affidavit signed by Raees which states that he could have been in Tanzania when he signed this doc. The signing of the affidavit was apparently prompted by the choice of a South African Excessive Court docket to grant an interim liquidation order towards Africrypt.

Africrypt’s response

Because the Moneyweb report notes, within the coming months the Excessive Court docket is predicted to rule on whether or not or to not grant the ultimate order. Nevertheless, earlier than that call is made, the events make their case, therefore the Raees affidavit.

In the meantime, in his affidavit, Raees once more dismisses allegations that $ 3.6 billion in investor funds have disappeared underneath the watchful eye of the Cajee brothers. As a substitute, Raees suggests the quantity in query is nearer to $ 6 million. Additionally in his affidavit, Raees dismisses allegations that Africrypt has a checking account at FNB or claims that the funding firm has invested in cryptocurrencies. He additionally repeats the long-drawn argument of Africrypt’s administration that the funding agency shouldn’t be held accountable for losses.

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