Lawyers for Africrypt’s Missing Founders Say They’ve Been Fired: Report

The Cajee brothers are still missing, along with $3.6 billion in bitcoin.

AccessTimeIconJun 28, 2021 at 9:30 p.m. UTC
Updated Sep 14, 2021 at 1:18 p.m. UTC

Lawyers for the missing co-founders of South African crypto investment platform Africrypt say their relationship with the brothers has been terminated, according to a report from Bloomberg.

Twenty-year-old Ameer Cajee and 17-year-old Raees Cajee are thought to have vanished in April after sending an email to investors telling them the platform had been “hacked,” and shuttering Africrypt’s website. Bitcoin worth an estimated $3.6 billion is allegedly missing.

Johannesburg-based attorney John Oosthuizen, told Bloomberg via email that his firm’s “mandate to assist the Cajee Brothers has been terminated” when asked to comment on the brothers' whereabouts. Oosthuizen’s statement comes only two days after he first spoke with the BBC about the scandal.

The launch of a formal investigation is constrained by South African law, which does not consider cryptocurrencies a financial product. But if the Cajee brothers absconded with the $3.6 billion in bitcoins, the theft would rank among the largest in crypto history.

Oosthuizen previously told the BBC the brothers “categorically denied” the accused heist, saying that it was a hack and the money was missing.

According to Oosthuizen, the reason the brothers didn’t immediately contact the police was not that they were making their getaway but because they are young men with “very little life experience” who were afraid for their lives after receiving death threats from involved parties.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about