Africrypt
Summary
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.
Timeline(11 events)
2019-01-01
Africrypt founded by brothers Raees and Ameer Cajee in South Africa; platform promises daily returns of up to 10% through alleged algorithmic trading
Daily Maverick2021-04-13
Africrypt investors receive email claiming the platform was hacked; investors are told not to report the incident to authorities or lawyers
CoinGeek2021-04-01
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
BankInfoSecurity2021-06-23
Bloomberg publishes story on Africrypt collapse, reporting $3.6 billion in Bitcoin missing alongside the Cajee brothers
Bloomberg2021-06-24
FSCA issues public statement confirming it cannot take regulatory action against Africrypt as cryptocurrency is not a regulated financial product under South African law
TechCabal2021-07-01
South Gauteng High Court grants provisional liquidation order against the Cajee brothers; brothers given until July 19, 2021 to contest
TechCentral2021-11-01
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 News2022-01-03
Bloomberg reports investors pushing charges despite mystery partial payouts via Pennython Project Management (Dubai); many investors had signed agreements forfeiting independent legal claims
Bloomberg2022-06-01
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 News2025-02-14
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Swiss prosecutors investigated the brothers for money laundering but that the case against Ameer Cajee was subsequently withdrawn, reportedly after investor complaints tied to settlement agreements were withdrawn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 News2026-02-17
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: FcEgwPBhUnfuo1pv1xUHzCCZUrSJGvsvvX1zanP4UYDY
- hash: 2EkocaLgbLcoREjSfYj3fYyU3hmBcynR9HdnZ5mtuvgX
- hash: 8MsjqApY2BrdWgw4Wb9cxQXRbXYjhjZFY3WmvnN3XRZR
- hash: 4ChadA2KRe1vrXQGppqZqKon3bLZxz3YHwG83mAqJtC6
- hash: 9yfhinAHB5s46dcLhALL7qa39PLfRU76DKvCpvaPX4XL
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/5/2026, 4:10:04 PM
last updated: 5/13/2026, 11:45:40 PM
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