Thursday, June 24, 2021

Two South African brothers have reportedly disappeared with $3.6 billion in Bitcoin


Cryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. 


Complicating any recovery attempt is that South Africa’s Finance Sector Conduct Authority can’t launch a formal investigation into the incident because cryptocurrency isn’t legally considered a financial product in the country.


The incident would make it one of South Africa’s biggest ever incidents related to crypto

Here's a thread about the company's investor presentation.