Africrypt
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·5Z7U93…Pxm1Summary
Africrypt was a South African cryptocurrency investment platform founded in 2019 by brothers Raees and Ameer Cajee. In April 2021, the platform abruptly shut down following an alleged hack, after which the founders fled South Africa with investor funds. The case became one of the most prominent alleged cryptocurrency exit scams in African history, though the exact amount lost remains disputed.
Connected Entities
2 entities · 1 linked investigation- Africrypt→mentioned with→Mirror Trading International(80%)
Connected Through
1 shared actor · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Mirror Trading Internationalorganization
Timeline(11 events)
2019
Africrypt founded by brothers Raees and Ameer Cajee in South Africa; platform promises daily returns of up to 10% through alleged algorithmic trading
Daily Maverick13 April 2021
Africrypt investors receive email claiming the platform was hacked; investors are told not to report the incident to authorities or lawyers
CoinGeekApril 2021
Hanekom Attorneys, retained by investors, discovers 69,000 BTC moved from Africrypt wallets through dark web tumblers and mixers; both Cajee brothers leave South Africa
BankInfoSecurity23 June 2021
Bloomberg publishes story on Africrypt collapse, reporting $3.6 billion in Bitcoin missing alongside the Cajee brothers
Bloomberg24 June 2021
FSCA issues public statement confirming it cannot take regulatory action against Africrypt as cryptocurrency is not a regulated financial product under South African law
TechCabalJuly 2021
South Gauteng High Court grants provisional liquidation order against the Cajee brothers; brothers given until July 19, 2021 to contest
TechCentralNovember 2021
Ameer Cajee arrested in Zurich, Switzerland while allegedly attempting to access safety deposit boxes containing hardware wallets; held in pretrial detention for approximately six months
Satori News3 January 2022
Bloomberg reports investors pushing charges despite mystery partial payouts via Pennython Project Management (Dubai); many investors had signed agreements forfeiting independent legal claims
BloombergJune 2022
Ameer Cajee released from Swiss pretrial detention on bail of approximately 300,000 CHF; bail conditions requiring him to remain in Switzerland upheld by Switzerland's Federal Supreme Court on appeal
Satori News14 February 2025
Reports confirm Swiss prosecutors investigated the brothers for money laundering but that the case against Ameer Cajee was subsequently withdrawn, reportedly after investor complaints tied to settlement agreements were withdrawn
Satori News17 February 2026
South African TV program Carte Blanche reveals the Cajee brothers have quietly returned to South Africa and are residing at the gated Zimbali Estate in KwaZulu-Natal; no criminal charges have been filed in South Africa
CoinTelegraphDecision Log
- hash: BeHodqH8g6ZvybyJoNJvwyDrTN3HVFZmrzUJdmzDc4hj
- hash: 4jeDorkYJnw8PAJDJ3jz6RChxsAV27tUQsGSG3RA437f
- hash: FcEgwPBhUnfuo1pv1xUHzCCZUrSJGvsvvX1zanP4UYDY
- hash: 2EkocaLgbLcoREjSfYj3fYyU3hmBcynR9HdnZ5mtuvgX
- hash: 8MsjqApY2BrdWgw4Wb9cxQXRbXYjhjZFY3WmvnN3XRZR
- hash: 4ChadA2KRe1vrXQGppqZqKon3bLZxz3YHwG83mAqJtC6
- hash: 9yfhinAHB5s46dcLhALL7qa39PLfRU76DKvCpvaPX4XL
This investigation is cryptographically anchored to the Solana blockchain (7 events). 14 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/5/2026, 4:10:04 PM
last updated: 7/26/2026, 7:01:22 AM
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