The owner of the Africrypt exchange rejects the allegations of customer deception

Recent reports suggest that two young directors at investment firm Africrypt, Raees and Ameer Cajee, have denied allegations of customer fraud. Instead, they claim to have been the victim of a hack while the media may overestimate the value of the missing bitcoins. These new denials were made by Africrypt amid growing suspicions about the amount of Bitcoin that was actually stolen.

Ameer Cajee and Raees Cajee – operators of AfriCrypt

The Cajee Brothers have not experienced life

Answer a call examine Of the BBC, John Oosthuizen, an attorney representing Africrypt, said the allegations against the Cajees brothers were baseless and had no “value”. When asked whether his client had alerted the police after the hack, Oosthuizen said “no”.

However, Oosthuizen points out that the Cajees brothers are people between the ages of 18 and 20 with “very little life experience”. Therefore, when they receive death threats, “their first reaction is to protect themselves and their families”.

Ready to cooperate

Although Oosthuizen did not disclose the whereabouts of the Cajees brothers, he said they were “willing to cooperate on future inquiries from the authorities”.

However, the Cajees would only cooperate if they were informed of an investigation, the lawyer said.

Doubts about the exact value of the stolen bitcoins grew after an undisclosed Africrypt investor told the BBC that the losses suffered were substantial, but “compared to the billions of dollars that were reported”.

In fact, an archive on Africrypt’s website dated January 2021 shows the company is under $ 100 million under management. This is much less than the reported $ 3.6 billion worth of bitcoins, suggesting that the original numbers were inflated.

Teacher

According to News.Bitcoin

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