Crypto Bros Disappear with $3.6 Billion
Is this the Biggest Scam in Cryptocurrency History?
In 2021 a pair of South African brothers vanished with $3.6 billion worth of Bitcoin from their investment platform. Bitcoin was valued at over $69,000 when the brothers cashed out and disappeared. Making it the most significant scam ever seen in the digital currency world.
In April 2021, the website Africrypt reported a hacking, claiming all the funds had been stolen. Mr Cajee, the older brother, asked clients not to report the incident, as it would slow down their recovery process.
Many were sceptical about this odd behaviour, and hired an attorneys to take legal action.
The attorneys found that Africrypt’s pooled funds were transferred from its South African accounts and client wallets, which went through tumblers before ending up in large bitcoin pools. Eventually these funds ended up in another Bitcoin wallet, possibly the brothers.
Tumblers & Mixers
People use tumblers and mixers to make their Bitcoin essentially untraceable. The tumbler breaks up the bitcoin into different transactions and mixes them with thousands of other random transactions. Then brings them back together in the destination wallet. Leaving thousands of investors without money…
