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Investors in the South Africa-based Africrypt are seeking the arrest of Raees and Ameer Cajee. Attorneys for the disgruntled investors claim as much as $3.6 billion in digital assets may have disappeared. And say that the crypto bros may have pulled off the biggest Bitcoin theft in the history. 

The group of 35 investors alleges the brothers ran a fraudulent cryptocurrency platform. And doubt there was hacking involved in the disappearance of the fund. They hired Sean Peirce, with Coast-to-Coast Special Investigations to investigate.

"They just went wild with other people’s money.’ Peirce claims.

“We are pushing for the brothers to be charged for fraud, theft, possibly money laundering,” said Peirce in an interview. “They can get 10 to 15 years for a first-time offense.”

“My clients want justice and have given us an unlimited budget to track them down. We are going to go to the ends of the earth to catch them and bring them to justice."

Crypto bros create Africrypt 

Brothers Raees Cajee, 21, and his 18-year Ameer known as the “crypto bros” founded Africrypt from their bedroom in 2019. It was set up as a fund that invested in crypto-tokens and bitcoins.

It’s uncertain how many investors were on board. There are claims the company had several thousand South African investors. But the big money was from the overseas client base. And there could be tens of thousands of investors.

Raees is a child prodigy. He is credited with creating a trading algorithm that allowed the family to trade while he and Ameer were in school. The home-based crypto platform was getting amazing returns. And it was getting a lot of attention.

 Raees trading platform was so successful that it attracted the attention of Huobi, a Chinese crypto platform. The firm flew him to China to attend meetings with Chinese cryptocurrency experts.

Africrypt unravels

In April 2021, CEO Ameer sent a notice to Africyrpt traders. He claimed that the company’s systems were hacked. The strange email was begging them not to alert authorities. And claimed if they did, it would "delay" getting the money back.

Ameer also added that it was "unknown to us the extent of personal client information breached during the attack".

Raees and Ameer Cajee vanished after claiming their company had been hacked. No one was able to reach them and they pulled their platform.

In late June Raees was interviewed by the Wall Street Journal from a secret location. He denies any wrongdoing and says the brothers were forced to flee due to "death threats" from "organized crime syndicates".