Home » 3.6 billion Bitcoins are missing: the largest virtual currency theft in South Africa’s history-Digital Currency / Blockchain

3.6 billion Bitcoins are missing: the largest virtual currency theft in South Africa’s history-Digital Currency / Blockchain

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Recently, Chinese officials have carried out a series of actions to combat virtual currency speculation. At the same time, the largest virtual currency theft in South Africa has provided evidence for the necessity of this action. When the Bitcoin price reached a high point in April this year, Ameer Cajee, the CEO of Africrypt, a South African virtual currency investment company, suddenly announced that the company had been hacked. At that time, 69,000 Bitcoin accounts and wallets worth about $4 billion were attacked.

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Strangely, after announcing the news, Ameer Cajee asked the customer not to call the police because it would hinder the recovery of funds.

After that, some people contacted the law firm, which immediately became suspicious, and after tracking down, it was discovered that Ameer Cajee and his brother Raees Cajee had disappeared.

Although the South African Financial Sector Conduct Authority took over the investigation of Africrypt, they encountered problems. Brandon Topham, the head of the law enforcement department of the bureau, said that because virtual currency assets are not legally regarded as financial products, the agency cannot initiate a formal investigation. The police have not yet responded to a request for comment.

It is estimated that investors in Africrypt may lose $3.6 billion in assets.

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