Biggest Crypto Scam Ever Recorded Sees Appropriation of $3.6 billion in Bitcoin - AfriCrypt

[arepakiller]

"That Africrypt offered 10% daily returns on investments made through its platform should have been enough for users to take pause - but as always, some didn't."


When it sounds to good to be true it probably is.

Unless you scalp a RTX 3070 TI at 1300 and sell it for 2600.

 

[Legacy-ZA]

They should just have sold graphics cards... all legal and cosher. Would have made the same if not more.

 

[Deleted member 24505]

Stealing $3.6bn in Bitcoin. Absolute madness, as within the group of people who have been robbed will be plenty of people willing to pay good money for these guys to be found and killed, plus any unsavory characters spotting them will know they have access to a massive amount of untraceable money. Either way these guys will need to watch their backs constantly for the rest of their lives (however long that may be). The reason heists of this scale don't happen often is because most people aren't stupid enough to put such a big target on their backs..

On the other side or the coin(no pun intended) having access to $3.6billion is enough to make sure you are securely protected.

 

[Jism]

On the other side or the coin(no pun intended) having access to $3.6billion is enough to make sure you are securely protected.

And when BTC collapses their funds vanish too. Not a very clever move. They will be found. Proberly in Dubai by now.

 

[Chomiq]

Africrypt brothers deny involvement in Bitcoin 'heist'

Investors accuse South African firm of absconding with Bitcoin valued at billions of dollars.

www.bbc.com

"Babe, it's not what you think!"

 

[Jism]

Africrypt brothers deny involvement in Bitcoin 'heist'

Investors accuse South African firm of absconding with Bitcoin valued at billions of dollars.

www.bbc.com

"Babe, it's not what you think!"

It stinks. In any hack it's advised to contact authorities. Without it there's no way you can file for anything such as insurance claims or something in that matter.

 

[R-T-B]

I thought 9ne of the keystones of crypto was its security against theft.....

Depends on the user not being an idiot and using a centralized scam service...

 

[Glass Handed Kites]

People believing that sounds too good to be true.

Will someone please explain this? I don't understand this comment, which was in response to another person saying that a thing from from the article sounded too good to be true, which I did understand. ( mostly, the line from the article was a bit short on details in regard to the 10% thing...)

Anyone who buys buttcoins of any kind should be prepared for this. There will be no sympathy for you from the general public, after all you do know the WHOLE thing is a pump and dump, so you know what you're getting into.

Doesn't that only apply to people who, inexplicably, buy crypto and keep it on the exchange, rather than a hardware wallet?

In other words, people who keep their crypto on an exchange that can exit scam at any time, should be prepared for this.

with people who store their crypto immediately on a hardware wallet, then they only have to worry about volatility, and when to realize gains / losses.

I thought 9ne of the keystones of crypto was its security against theft.....

If you keep it on a hardware wallet, then yes. If you stupidly leave in on the exchange that you bought it from, I don't know how you can expect to not wave bye bye to that money.

 

[Raevenlord]

Will someone please explain this? I don't understand this comment, which was in response to another person saying that a thing from from the article sounded too good to be true, which I did understand. ( mostly, the line from the article was a bit short on details in regard to the 10% thing...)

It means that people being conscious enough to know that something is "too good to be true" doesn't happen as often as it should.

 

[Glass Handed Kites]

It means that people being conscious enough to know that something is "too good to be true" doesn't happen as often as it should.

Thank you!