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Hack history / 2021 / Scam

Africrypt

Scam on Jun 23, 2021 · Scam

IN REVIEWONE SOURCE · 1 SOURCE
Lost
$2.30B
dollars at the time
Returned
none listed
as the sources state it
Rank
not ranked
collapses, frauds and later news are not ranked

What happened

According to Bloomberg News, the founder of the cryptocurrency investment platform Africrypt lost contact and 69,000 bitcoins (currently valued at approximately US$2.3 billion) on the platform were transferred. At 4 o'clock, Ameer Cajee, chief operating officer of Africrypt, told the client that the platform was hacked and asked them not to report the lost funds to the authorities. The investor has since hired a lawyer to conduct an investigation, but the lawyer has not been able to contact the founder of the company and has notified the South African Criminal Investigation Department. In addition, the lawyer found that funds on the Africrypt platform were transferred from their accounts and customer wallets, and made it untraceable through the Bitcoin mixer.

In review: single source for a loss of $500M or more.

Details

Date
Jun 23, 2021
Kind
Scam
Method
Scam
How in
Phishing and scams
Target
Centralized exchange
Chains
not stated

Reported by

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Cite this pageSwanBluechip, "Africrypt scam, Jun 23, 2021: $2.30B lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht3e52af0049/ (data as of 2026-10-31).
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