Two directors of South African crypto investment platform Africrypt, Ameer and Raees Cajee, will participate in an investigation to determine the fate of failed companies.

Death threat

According to Itweb, the Kagi brothers who agreed to testify on October 19-20 will only testify in a virtual way. The report confirmed that Ameer and Raees, who had received multiple death threats, initially planned to appear in court before the investigation in the second week of September 2021. However, the attorneys of the Cajee brothers asked for “extension to allow further negotiations with their clients.”

The report also revealed that other Africrypt executives, such as former compliance officer Daniel Opperman, Wayne Naidoo (director) and Steve Miller (manager) have testified through the virtual platform. For example, according to reports, in his testimony, Opperman told the investigation that he only learned that the Africrypt system was hacked through media reports.

As previously reported by Bitcoin.com News, Africrypt crashed a few weeks after Ameer and Raees notified investors of the hack. However, after the collapse of Africrypt and the disappearance of its directors, some aggrieved investors successfully applied to liquidate the company.

Africrypt’s defense

Nevertheless, in his affidavit opposing the granting of the final liquidation order, Raees insisted that “the liquidator’s application was made against the wrong company.” He even claimed that the client actually “not signed an investment contract with Africrypt, but with An entity named Raee Create Wealth signed an investment contract.”

However, as the Itweb report pointed out, “Bank statements obtained by the Tayfin forensic investigation auditor show that all Africrypt transactions have been transferred to Raee Create Wealth.” The report added that this evidence is now expected to appear in Africrypt’s forensic doctors. Reporting.

See also  Polkadot – Vitalik’s nightmare or the blockchain dream come true? – Op-Ed Bitcoin News

What are your thoughts on this story? Tell us what you think in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.