Categories
Uncategorized

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by Moneyweb, Africrypt creditors are set to vote on the compromise offer on November 12, 2021. However, this offer can only become an order of the court if it receives support from 75% of the creditors.…

The post Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *