crypto fraud: S.Africa crypto exchange brothers disappear after $3.6 bn vanishes from platform, lawyers say
If confirmed, Africrypt's losses would rank among the biggest crypto losses yet. For the whole of 2020, losses in the crypto sector through fraud and other crime were $1.9 billion, down from a record of $4.5 billion in 2019, according to crypto intelligence company CipherTrace.
Source: indiatimes.com