Another nameless investor offers to save collapsed South African crypto company-regulation
Another nameless investor offers to save collapsed South African crypto company-regulation
A new unit has offered Africrypt, the collapsed crypto investment company based in South Africa, with $ 5 million. The offer that does not require the criminal complaint against Africrypt directors must be assumed within seven days.
a better offer
A new mysterious investor has offered to save the collapsed crypto investment company Africrypt with $ 5 million, according to a report. However, investors were given seven days to accept an offer of December 3, 2021.
Unlike the first rescue offer, the latest-according to A test report from Moneyweb - the creditors do not forced to agree to the condition proposed by the first investors. Nevertheless, this new offer forces investors to accept only a fraction of the originally invested money.
This condition means that Afrcrypt investors would not benefit from the increase in value of the crypto-assets that the company acquired in September 2019. As explained in the report, investors would only be entitled to a payment that is ten times lower than the current value of digital assets that are owed to them.
Although the identity of the two new mystery investors is still unknown, Ruann Kruger, a legal representative of the liquidators of Africrypt, is cited in the report, which confirms that the second investor is actually a company. The lawyer also confirmed that of the 181 investors around 35 accepted the offer.
allegations against the Cajee brothers
The report says that some Africrypt investors believe that the latest offer is made by the Cajeee brothers, and quotes an unnamed representative of investors who said:
Of course there is suspicion that this offer comes via a proxy for the Cajees and that we are paid out [Our] our own money. In any case, this is a clever tactic, no matter who the investor is. It is a gap [and] rule tactics.
In the meantime, the claims that the Cajee brothers are also behind the first offer seem to be confirmed by a letter from the liquidators to the Africrypt investors. In the letter, the liquidators suggested that the first mystery investor had stopped communication with them after they had proposed to change certain conditions of the original offer.In terms of the latest rescue offer, the liquidators said that this was "a good, firm and less complicated offer that is open to acceptance for the next seven days". According to the report, investors who accept the offer receive 65 % for each edge (or 65 % of the funds invested) within five days of signing.
Do you believe that the latest offer for Africrypt investors is better than the first? Tell us your opinion in the comments below.
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