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Bitcoin is world's largest crypto currency in the world in terms of total marketcap
Recently a South African Bitcoin trader got bankrupted after failing to pay investors their money.
Willie Breedt CEO of Vaultage solutions declared themselves bankrupted after they failed to pay investors $13 million dollar
This South African Trader escaped after going bankrupted fleeing and hidding from the authorities.
Investigators raided willies house and found his laptop and a hardware wallet holding some crypto
Potential scammer
aka bitcoin trader declared himself bankrupted after failing to pay investors $13 million dollar.
Willies company Vaultage Solutions took money from investors and used to trade bitcoin and other cryptocurrency.
When Willie's company losed all the money in trading they decided to escape by hidding and fleeing.
According to news24 report Simon Dix largest individual investor of vaultage solutions successfully applied for a sequestration order from court
Investigators tracked willies down to a guest house in Pretoria which he check after a fake name and fake identity
After the sequestration order was approved police raided his house and found proof of stealing funds which was mismanaged and was stored in a ledger wallet
Willies wasn't arrested but all his asset including his two bank account holding funds of the investors was frozen