Trail of brothers linked to missing bitcoin stash murky

Missing in action: A file picture showing a man walking past a banner at a recent convention in the United States. The whereabouts of the Cajee brothers cannot be established. — AFP

JOHANNESBURG: The Cajee brothers, who ran a cryptocurrency investment platform from South Africa that the local regulator suspects of being a Ponzi scheme, are confounding both their family and desperate investors alike.

It’s still hard to establish the whereabouts of Ameer and Raees Cajee, the pair that operated Johannesburg-based Africrypt since 2019. They appear to have vanished, along with an estimated US$$3.6bil (RM14.95bil) in bitcoin – an amount that a lawyer for the brothers said was inflated.