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Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company
18.11.2021
Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some...
Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
12.11.2021
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must...
Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform
19.9.2021
Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify...
Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid
11.9.2021
Law enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in...
FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme
5.8.2021
In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets...
Two Masterminds in Last Ditch Effort to Stall Liquidation of MTI
4.8.2021
In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts...
South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds
3.8.2021
A 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....
Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit
28.6.2021
The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price...
Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows
27.6.2021
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that...
$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt
19.6.2021
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s...
Mark Cuban Hit by Iron Finance Token Crash, Calls for Defi Regulation
18.6.2021
Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero. Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token...
The NFT Market Has Collapsed, Oh No
3.6.2021
Does anyone remember March 2021, when some techbros and artists were convinced that NFTs (Non-Fungible Tokens) were going to change the world? Well hi, it’s now June 2021 and the ass has fallen out of that market. I know, I am surprised as you are.Read more
Trustee of Collapsed Exchange to Ask Court to Resolve Crypto vs. Fiat Creditor Claims Tussle
20.1.2021
Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX
The Massive Radio Telescope From GoldenEye Just Collapsed
1.12.2020
The massive Arecibo Observatory radio telescope, made famous in the James Bond movie GoldenEye and paid homage to in the classic Nintendo 64 game, completely collapsed early Tuesday morning. This breaking news comes just a few weeks after the announcement that the invaluable astronomy tool would...
$1 Billion Silk Road Bitcoin Moves for First Time in Five Years
5.11.2020
At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015....
Cryptowisser: 75 Crypto Exchanges Dead in 2020 – More Will Follow
5.10.2020
5th October 2020, leading Crypto service comparison site – Cryptowisser, announces its Crypto exchange graveyard. The detailed page lists and explains the many crypto exchanges (largely centralized exchanges) that have disappeared, expired or collapsed this year, giving an insight into...
‘If DeFi Collapsed, Bitcoin Would Still Be Bitcoin’
27.9.2020
Bitcoin (BTC) and DeFi both had a good summer. After the coronavirus-induced collapse of March, the price of bitcoin rose from USD 3,500 to just over USD 12,000 in August, while the total value locked into DeFi platforms rose from USD 1bn in June to almost USD 12bn in late September.
It’s tempting...
New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator
23.6.2020
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...
Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx
12.6.2020
The Ontario Securities Commission (OSC) has completed its investigation of what happened to the defunct cryptocurrency exchange Quadrigacx which owes over 76,000 clients a combined $215 million in assets. Supposedly deceased, its founder Gerald Cotten was found to have committed a series of fraud...
Report: USDC Volume Collapsed in May Despite Market Recovery
5.6.2020
As exchange volumes and the crypto market resumes growing by all measures in May 2020, the USDC stablecoin saw its Bitcoin trading volume plummet by 78%