Tag: Raees Cajee

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Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds

December 26, 2021

Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment…
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Another Unnamed Investor Offers to Bail Out Collapsed South Africa Crypto Firm

December 8, 2021

A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto…
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Creditors of Collapsed South African Crypto Firm Vote to Accept Offer to Resuscitate the Company

November 18, 2021

Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is…
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Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

November 12, 2021

An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by…
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Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

September 19, 2021

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will…
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