Africoin
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anchored·2o1h1X…WqbWSummary
"Africoin" is a name that has been used by at least five unrelated cryptocurrency projects and schemes operating across Africa since approximately 2013. The most widely documented uses involve a Nigeria/Ghana-based pseudo-cryptocurrency launched around 2016–2017, alleged to be a Ponzi scheme with anonymous or pseudonymous operators, and a separate South African entity sometimes confused with it called Africrypt (unrelated). A more recent entity also named Africoin — a Rwanda-headquartered real-world asset tokenization platform led by Vinod Khatumal — was admitted to Ghana's SEC regulatory sandbox in 2026 and represents a distinct, separately regulated operation. Because multiple operators have shared the same name, investigators must clearly disambiguate which entity is under review.
Connected Entities
6 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Africrypt→mentioned with→Bitcoin(60%)
- Binance→mentioned with→Ethereum(65%)
- Africoin→mentioned with→Bitcoin(70%)
- Africoin→mentioned with→Binance(60%)
- Africoin→mentioned with→Ethereum(70%)
- Africoin→mentioned with→Africrypt(80%)
- Africoin→mentioned with→Polygon(80%)
- Polygon→mentioned with→Ethereum(70%)
- Polygon→mentioned with→Binance(70%)
Timeline(10 events)
2012
Michael Anthony Strother (Athens, Georgia) claims to have created AfriCoin International with two unnamed partners.
Medium — AfriCoin International: True Crypto StoryDecember 2013
AfriCoin International launches its claimed first-ever ICO; project is subsequently alleged to have been hacked three months in. AfriCoin Blog post published.
AfriCoin Blog / Medium (Strother self-account)13 January 2017
pageone.ng publishes investigation questioning the Nigeria/Ghana Africoin scheme, identifying domain registrants John Mensah (Ghana) and Henry Okechukwu (Nigeria).
pageone.ng (now parked)March 2017
letdiscusscryptocoin.blogspot.com publishes promotional post for Africoin targeting Nigerian market, listing coin price of N200 and a contact phone number; promises official launch June 2017.
letdiscusscryptocoin.blogspot.com27 October 2017
AfriCoin International (Strother) relaunches on WAVES blockchain with 100 million tokens claimed to be backed by fine silver.
Medium — AfriCoin International: True Crypto Story20 May 2019
pageone.ng reports that the Nigeria/Ghana Africoin scheme pivoted from pseudo-cryptocurrency to a silver trading scheme under the brand AAGC (aagc.shop).
pageone.ng (now parked)2020
Africoin Black launches on Polygon network, describing itself as a philanthropic project distinct from earlier Africoin schemes.
Medium — Africoin Black (africoin.medium.com)11 March 2026
Ghana's Securities and Exchange Commission admits 11 firms including an entity called Africoin (RWA tokenization, Rwanda, Vinod Khatumal) to its regulatory sandbox under the Virtual Asset Service Providers Act, 2025.
CoinDesk8 April 2026
Africoin (Khatumal entity) issues press release distributed across aggregator sites announcing its Ghana SEC sandbox admission and plans for cross-border regulatory expansion.
Winger Daily (press-release syndication)24 May 2026
africoin.uk publishes updated company page listing Lucas Ndong as CEO, Fructuoso Ndong Maye as Manager, and Aris Da Silva as Marketing Director — a different team from the Vinod Khatumal press releases, raising an unresolved identity discrepancy.
africoin.uk/companyDecision Log
- slot 423422814 · hash 75kpSFQ6Xn91qYxnTuUUCUg2YKaBk3foXXDeFvdpeAmc
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 12 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:49:03 PM
last updated: 5/31/2026, 5:49:03 PM
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