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COURT GRANT LIQUIDATORS OF AFRICRYPT POWERS TO TRACK MISSING INVESTORS FUNDS

South Africa Bitcoin Heist Court grants Liquidators Authority to track Missing Africrypt investor funds

After several judges and different sides to the story with parties involved in the matter dropping or saying several kinds of stories, the court in South Africa has weighed into the matter.

Recall that the Africrypt scandal has been termed as one of the greatest scam or issues to ever emerged in the ecosystem. However after several considerations, the South African court has given liquidators the chance to nabb the culprits.

In view the South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds.Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company.

According to a report, the court decision follows recent claims that Raees Cajee, one of the collapsed firm’s directors, is opposing the final liquidation of Africrypt from his hideout in Tanzania.

Meanwhile, the latest decision by the South Africa court comes as doubts grow surrounding Africrypt directors’ claims of a breach by Ukrainian hackers.

Recall that in the past few weeks the liquidators’ legal representative, Ruann Kruger, is reported to have released a statement wherein he unravels Africrypt’s dubious business model.

However After examining Africrypt’s claims, Kruger’s statement goes on to repeat earlier allegations that Raees and his brother, Ameer, may have had a hand in the disappearance of investor funds.

He therefore said there is no evidence that this was indeed a hack of the Africrypt systems, and in support thereof, it seems that funds were depleted from the Africrypt wallets four months before the alleged hack.

 

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