ChatGPT made A.I mainstream. However, a year before it was released, one of the biggest A.I/crypto scams in history had already happened. The craziest part? It was pulled off by two teenagers — the Cajee brothers. Take a look at this video 👇

What you just watched is the promotional video for Africrypt. The brothers started the company in 2019. They described it as an “A.I-driven cryptocurrency fund” that could “profitably” do 10% per month. All you had to do was deposit money, relax, and watch your money grow.

Now, you'd probably think to yourself, “there’s no way on earth anyone’s getting scammed by 2 teenagers”. Well…surprise, surprise🎉. With just a terrible video and sweet talk, the Cajee brothers convinced several people all over the world to invest.

In no time, they created three different packages in order of investment size to cater to different investors and give the illusion of legitimacy. They called it: →Passive portfolio →Passive-aggressive portfolio →Aggressive portfolio

For about 2 years, everything went smoothly. People invested by the numbers. The brothers? They lived a life of luxury. They splurged money on a Lamborghini, a Ferrari, a mansion, and an expensive wardrobe.

On the 13th of April, 2021, things took an unexpected turn. Africrypt investors received a mail. It was Raees Cajee — the older of the brothers. He announced that Africrypt had just been hacked.

He claimed the hackers carted away with all of the investors' funds. The craziest part? He urged them not to involve the authorities as that will “ delay the recovery process”. Immediately, everyone went into panic mode.

A total of 69,000 $BTC had just disappeared. For context, this is equivalent to $7.1B today. Take a moment and imagine the pain of losing your money to a “passive-aggressive” portfolio only to be asked not to tell the police.

In no time, investors reported to the police and investigations began. Few days later, the website was shut down. The brothers had fled South Africa to Dubai.

As investigators dug deeper, a disturbing detail emerged: →Africrypt employees were logged out of the system a week before the alleged hack. →Admin logins from a device linked to one of the brothers were recorded up to 3 days after the “hack”.

Also, according to a blockchain investigator — Daily Maverick, 14 withdrawals were made to Wasabi wallet in an effort to mask the transactions before routing them to centralized exchanges like Binance, Kraken, and Huobi.

One of the brothers flew to Zurich in 2021 to allegedly grab the hardware wallets holding some of the stolen money. He was arrested but later released on bail. Till date, the Cajee brothers are nowhere to be found.

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Video source: https://youtu.be/LGWxb5_x0Ow?s...

@swipelabscrypto always indians scamming people

@swipelabscrypto Gotta admit the Indian version of the Tate brothers is hilarious 🤣 @Cobratate @TateTheTalisman

@swipelabscrypto Woah! Why not me 😭😭