News about AFRICA

News about Africa

South African asset manager denies stealing billions from users, claims $5M was lost in hack

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” Raees C...

Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time

Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purcha...

Absa Bank (S. Africa) Bars Clients From Dealing With Binance

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Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’

Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to invest...

South African Brothers Escape With $3.6 Billion In Bitcoin

Two African brothers have disappeared, and so does the $3.6 billion in bitcoin from their cryptocurrency investment platform. Biggest Scam In Bitcoin History? Africrypt is a cryptocurrency investment platform based in South Africa. It was set up by A...

[Forbes] Two South African brothers who founded crypto investment firm Africrypt vanished with ~69,000 bitcoins, worth $3.6B+, after informing clients of an alleged hack

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$3.6B in Bitcoin vanishes in 'hack' along with owners of South African crypto platform

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt. Is it a scam or a hack? Around 69,000 Bitcoin (BTC)...

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

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Clients of a South African bank are barred from purchasing cryptocurrency on Binance, while the exchange denies the allegations

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South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a te...

$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

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&rsq...

Paraguay, Iran, & Populous African Country Looking To Legalize Bitcoin.

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