/
Navigation
Chronicles
Browse all articles
Explore
Semantic exploration
Research
Entity momentum
Nexus
Correlations & relationships
Story Arc
Topic evolution
Drift Map
Semantic trajectory animation
Posts
Analysis & commentary
Pulse API
Tech news intelligence API
Browse
Entities
Companies, people, products, technologies
Domains
Browse by publication source
Handles
Browse by social media handle
Detection
Concept Search
Semantic similarity search
High Impact Stories
Top coverage by position
Sentiment Analysis
Positive/negative coverage
Anomaly Detection
Unusual coverage patterns
Analysis
Rivalry Report
Compare two entities head-to-head
Semantic Pivots
Narrative discontinuities
Crisis Response
Event recovery patterns
Connected
Search: /
Command: ⌘K
Embeddings: large
TEXXR

Chronicles

The story behind the story

days · browse · Enter similar · o open

Two South African brothers who founded crypto investment firm Africrypt vanished with ~69,000 bitcoins, worth $3.6B+, after informing clients of an alleged hack

- Lawyers hired by investors piece together funds' disappearance  — Africrypt loss would rank among biggest-ever crypto heists

Bloomberg

Discussion

  • @mikko @mikko on x
    A pair of South African brothers have vanished, along with 69,000 bitcoins from their cryptocurrency investment platform. With that kind of money, you just might be capable of disappearing for the rest of your life. https://www.bloomberg.com/...
  • @hkanji Hussein Kanji on x
    Africrypt loss would rank among biggest-ever crypto heists https://www.bloomberg.com/...
  • @charlesarthur Charles Arthur on x
    A story as old as... bitcoin. https://twitter.com/...
  • @haroonmeer Haroon Meer on x
    I often complain about South African technologists not being ambitious enough. I might have to be more careful about what I wish for. https://twitter.com/...
  • @northmantrader Sven Henrich on x
    Sometimes stuff just disappears. https://www.bloomberg.com/...
  • @caseynewton Casey Newton on x
    “As a CEO I've had to make a lot of hard decisions over the years. None harder than stealing all my customers' money and vanishing along with my brother”
  • @markshaw Mark Shaw on x
    I don't believe for 1 sec they were hacked. They woke up 1 day & thought. Fuck it. We've got 1billion in the kitty. Let's buy an island & bugger off. Keep saying. You gotta move your crypto off exchanges into your own wallets. Crypto is the Wild West. https://twitter.com/...
  • @caseynewton Casey Newton on x
    Now THESE are the kind of people I wish would write long Twitter threads about their business success https://t.co/rONhikToZo
  • @carlquintanilla Carl Quintanilla on x
    “... the disappearance of about 69,000 coins — worth more than $4 billion at their April peak — would represent the biggest-ever dollar loss in a cryptocurrency scam.” #bitcoin (h/t ⁦@LONGCONVEXITY⁩) ⁦@business⁩ https://www.bloomberg.com/...
  • @charlesarthur Charles Arthur on x
    It does show how far we've come, though. In 2010, this story would have been “A pair of South African brothers vanish along with $360 of Bitcoin from their crypto investment platform”. https://twitter.com/...
  • @coinbureau @coinbureau on x
    How are these still happening in 2021?? Every successful scam that uses crypto is another opportunity for the MSM & Politicians to unjustifiably knock it. The only way that we can prevent this is through mass education and awareness ✅ https://www.bloomberg.com/...
  • @moneyball Steve Lee on x
    Not your keys not your coin https://twitter.com/...
  • @seldo Laurie Voss on x
    Living the dream https://twitter.com/...
  • @thegreatola Ola Elixir on x
    Another FUD ? https://twitter.com/...
  • @cryptonator1337 @cryptonator1337 on x
    ‘Would you like some fries with your #Bitcoin FUD article Sir’ https://twitter.com/...
  • @grady_booch Grady Booch on x
    Thoughts and prayers. https://www.bloomberg.com/...
  • @chad_hurley Chad Hurley on x
    Maybe they went to the moon? https://twitter.com/...
  • @oluyomiojo Oluyomi Ojo on x
    Something something about “if you don't own the key... ” https://twitter.com/...
  • @deansheikh1 Dean Sheikh on x
    Anyone seen Elon or Kimbal? https://twitter.com/...
  • @marxculture Mark O'Neill on x
    Crypto is grift, plain and simple https://www.bloomberg.com/...
  • @chrisdunntv Chris Dunn on x
    Not your keys = someone else's “tragic boating accident” https://twitter.com/...
  • @nouriel Nouriel Roubini on x
    Every new day another crypto scam bigger than the previous one...Caveat Emptor... South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin https://www.bloomberg.com/...
  • @treehcapital Rob Majteles on x
    Just another Wednesday in crypto-land 👀 https://twitter.com/...
  • @nivie Nivi on x
    Africrypt loss would rank among biggest-ever crypto heists https://www.bloomberg.com/...
  • @paulwallace123 Paul Wallace on x
    Two South African brothers have vanished, along with #Bitcoin worth $3.6bn from their crypto investment platform. Cape Town lawyers hired by investors have told crypto exchanges across the globe to look out for any attempt to convert the digital coins. https://www.bloomberg.com/.…
  • @mikko @mikko on x
    The brothers are 20 and 21 years old.