❇️ Founders of South African Bitcoin exchange disappear after $3.6 Billion 'hack'

RealDaddy

RealDaddy

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Two brothers associated with one of South Africa's largest cryptocurrency exchanges have disappeared. The exchange claimed that it was the victim of a hack in April. It asked investors at the time to not report the incident to the authorities.

A group involved with the exchange hired a law firm to investigate the incident. The law firm was able to trace the stolen money, but not the missing brothers.

South Africa’s Finance Sector Conduct Authority isn't able to launch an investigation as cryptocurrency is not legally considered a financial product in the country.

(https://www.engadget.com/africrypt-bitcoin-disappearance-174636634.html)
 
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Ohh I want to hear good news on bitcoin as I have invested some funds
 
South Africa’s Finance Sector Conduct Authority isn't able to launch an investigation as cryptocurrency is not legally considered a financial product in the


Looks like that's a big loophole which some users are taking advantage of.
 
This only gonna drop prices in crypto = less opportunity to create shitcoins = fewer threads here about shitcoins = I'm happy.
 
Keep in mind that in these cases they can run or make it look like they ran.

We are talking about big numbers and some people won't back down at anything to get it.

I would go as far as saying that some are dead.
 
I don't think it was exactly the crypto exchange company where you can change the cryptocurrency, since even with large trades, you cannot accumulate more than $3.6 billion in two years on commission fees alone that you deduct from users' accounts. In other sources I read that it was an investment fund, where people pumped their finances with the hope of making a profit in the future. Here, of course, I understand then where these two brothers got more than 60,000 bitcoins. You can correct me if I was mistaken, but it seems like they still had an investment fund.
 
BlackStar81 said:
I don't think it was exactly the crypto exchange company where you can change the cryptocurrency, since even with large trades, you cannot accumulate more than $3.6 billion in two years on commission fees alone that you deduct from users' accounts. In other sources I read that it was an investment fund, where people pumped their finances with the hope of making a profit in the future. Here, of course, I understand then where these two brothers got more than 60,000 bitcoins. You can correct me if I was mistaken, but it seems like they still had an investment fund.
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lol isn't it like the typical mlm thing looks like people haven't learnt their lesson
 
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