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Cryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. According to Bloomberg, a law firm in Cape Town says it can’t locate Ameer and Raees Cajee, the founders of Africrypt. In April, the exchange told its investors it was the victim of a hack and asked them not to report the incident to the authorities on account it would “slow down” the process of recovering their missing money.

Some of those involved in the exchange hired Hanekom Attorneys, the law firm that said it couldn’t find the two brothers, to investigate the incident. It found that someone had withdrawn Africrypt’s pooled funds from the local accounts and client wallets where the coins were stored originally and put them through tumblers and mixers, making it difficult (though not impossible) to trace the money. “Africrypt employees lost access to the back-end platforms seven days before the alleged hack,” the law firm told Bloomberg. The outlet attempted to call both Cajee brothers multiple times only to get their voicemail each time.

Complicating any recovery attempt is that South Africa’s Finance Sector Conduct Authority can’t launch a formal investigation into the incident because cryptocurrency isn’t legally considered a financial product in the country. If no one can recover the money, it will go down as the largest cryptocurrency loss in history, easily overshadowing the approximately $200 million CAD that disappeared when the founder of Canada’s QuadrigaCX exchange died while travelling in India. source link

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The price of Bitcoin has dumped a lot in the last few days but now the price of Bitcoin has increased a lot again. Cryptocurrency markets fluctuate all the time, causing the price of Bitcoin to fall and rise sharply.Investing in Bitcoin now can certainly be very profitable in the future as the Bitcoin market is currently on the rise.

Bitcoin's price has already recovered more than before. The price of Bitcoin has risen a lot at the moment due to which the price of all the coins in the cryptocurrency is preparing to return to the previous position. I think in a few days the price of Bitcoin will be the same again.

I think the price of Etherium will cross $5K in a very short time as the market has already started pumping.bAt present, the price of Etherium is much higher than that of all other coins. At present, the price of etherium is increasing well and the market will recover in a short time.

You can make a lot of money by trading cryptocurrencies. If you can invest in a good project, then if you hold that coin in the future, you can make a good profit later. So I think if you keep trending, you will get good profit in the future.