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”.
He also claims the firm’s portfolio was never as big as Peirce suggests. “At the height of the market, we were managing just over $200 million,” Cajee said. And only $5 million is unaccounted for. After the interview, the brothers disappeared again.
Crypto bros bought golden passports
In the meantime, a mysterious Dubai-based crypto company, Pennython made compensation payouts to many of the out-of-pocket traders. These payouts were said to be approximately 70%.
The Peirce report indicates that the brothers had a plan. It is alleged that a week before the “hack” the 3 Africrypt employees were terminated and kicked off the platform.
Raees and Ameer bought citizenship from the Pacific island nation of Vanuatu. In 2020 the brothers bought these “golden passports”. This was months before the hack.
