More than 27‚500 people‚ including South Africans‚ Americans and Australians have been duped by the one of biggest bitcoin scams to hit SA. On Thursday, Hawks spokesperson Capt Lloyd Ramovha confirmed that the serious commercial crimes unit was investigating complaints against BTC global‚ a company in which thousands invested cryptocurrency valued at more than $50m by transferring bitcoin into an online wallet address. "I have spoken to one of the investigators in our team and he has confirmed that this matter came to them about two weeks ago. There are in excess of 25‚700 complainants with many outside SA. "The amount is over $50m and could rise as more victims come forward‚" said Ramovha. He could not confirm if the scam artists were South Africans. "The investigation is in its infancy. I also cannot say whether it is a Ponzi scheme. BTC Global is being investigated for contravening the Financial Advisory and Intermediary Services Act‚" he said. Numerous victims from across the co...
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