Africrypt
A South African crypto investment platform (founded 2019) whose founders said it was hacked in April 2021, then left the country. Loss figures are heavily disputed ($3.6B reported vs ~$40–50M later); the founders deny wrongdoing.
Also known as: Africrypt, Raees Cajee, Ameer Cajee
Summary
Africrypt was a South African crypto investment platform founded in 2019 by brothers Raees and Ameer Cajee that promised high monthly returns. In April 2021 the founders told users the platform had been hacked, then left the country; some investors alleged an exit scam. [1][2]
Disputed figures
Early reports cited as much as $3.6 billion (about 69,000 BTC) missing, but the founders' lawyer called that figure inflated, and later investigations placed losses closer to $40–50 million. [1][3] The founders have denied wrongdoing and maintain the platform was hacked. [1]
Status
The matter was investigated by South African authorities; 2026 reporting indicated the brothers had returned to South Africa. These remain allegations and no conviction has been reported. [1][3]
Bracketed numbers refer to the numbered sources listed below.
Sources (3)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
$MELANIA tokenMarket manipulationA Solana memecoin announced by Melania Trump on Jan 19, 2025. Per FT analysis, ~24 wallets bought in minutes before the public announcement and netted ~$99.6M as retail piled in; the token then fell 95%+. Early buys were traced to wallets linked to $LIBRA figure Hayden Davis. No charges have been filed.
This page was last updated on Jun 15, 2026. View revision history.