The cryptocurrency investment company in Cape Town, South Africa – Africrypt – allegedly stole nearly 70,000 bitcoins. The two brothers Ameer and Raees Cajee, who are the founders of the firm, have disappeared. The Biggest Crypto Scam in South Africa Bloomberg reported that the customers of the South African trading venue – Africrypt – became…
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By Mark Hunter7 hours agoThu Jun 24 2021 09:38:03 Reading Time: 2 minutes The term ‘soft rug’ has been coined to describe a team selling tokens in batches over time before pulling the plug on a project The concept of a soft rug isn’t new, but it is starting to happen more frequently There is…
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By Mark Hunter1 day agoWed Jun 23 2021 12:08:11 Reading Time: 2 minutes There is little evidence to suggest that Gerald Cotten faked his death, according to a podcast Exit Scam podcast interviewed a journalist who went to the area where Cotten is supposed to have died He found that all records were properly processed,…
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Source: Adobe/Akin Ozcan An apparent exit scam in South Africa could have left investors out of pocket to the tune of USD 3.6bn after the two brothers who operate the Africrypt project “vanished” following reports of a hushed-up “hack.” Per Bloomberg, Hanekom Attorneys, a legal firm in Cape Town was hired by investors, but claims…
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The cryptocurrency market has gained traction across the globe for some unique stories. From silk road to MT Gox, this sector has no shortage of unique stories. With every bull run, there seems to be an increase in scams and/or hacks. This graph mentioned in the report published by the Federal Trade Commission illustrates the…
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On the day a Spanish court’s ruling in favor of his extradition was made public, John McAfee died in a prison cell outside Barcelona. The antivirus pioneer turned fugitive was 75 years old.McAfee had been detained in Spain since last fall, when he was arrested on allegations of tax evasion. The US Department of Justice…
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MANILA, June 24, 2021 – (ACN Newswire) – With an aim to aid Philippines’ Department of Information and Communications Technology (DICT) in promoting the National Cybersecurity Plan 2022 and to develop counter-intelligence against the burgeoning state of cyber-crimes in the Philippines, Tradepass has taken the initiative to launch PhilSec 2021, scheduled for 13-14 July, 2021.The…
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JAKARTA: Generous Indonesians donating their spare change to the poor and needy are unwittingly helping finance deadly terror attacks and militant training camps in a scam that has netted big money for extremist groups.Former radical Khairul Ghazali once spent his days visiting restaurants, convenience stores and supermarkets to drop off charity boxes, wearing an official-looking uniform…
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Another massive crypto scam has been uncovered by Darren Hanekom of Hanekom Attorneys. He joined Alec Hogg on the BizNews Power Hour to explain what Africrypt is and how it managed to steal about R54bn from its investors – which includes high-profile South Africans and celebrities. Financial advisor Magnus Heystek also joined in as co-host.…
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